Reckon for Real Estate business
What Is Reckon for Real Estate business Accounting?
Reckon for Real Estate business accounting means running your property management accounting in Reckon, with jobs, categories and custom fields for each building and owner. Since 2011, Cred Books has paired developers, investors, landlords and agencies across Australia and New Zealand with a Reckon Accredited Partner and a dedicated Reckon certified accountant.
We set up Reckon One, Reckon Accounts Hosted or Reckon Accounts Desktop for rent rolls, owner statements, management fees and trust ledgers, then handle the daily work and every BAS lodgement. Need another sector? We can also outsource Reckon accounting services.
Mixed trust funds, late owner statements and manual rent matching are how property books break. When you outsource real estate accounting services to Cred Books, we fix them at the source.
How Reckon Handles Rent, Trust Deposits and Owner Payouts
For real estate bookkeeping, we keep tenant bonds and sales deposits in separate trust accounting ledgers, align GST and Single Touch Payroll STP Phase 2 reporting, and prepare audit proof workpapers.
We connect Reckon with Rockend Property Tree, Re Leased, DoorLoop, AppFolio and MRI Software, so lease billing, supplier bills, expenses and payroll run through one workflow.
What our Reckon setup includes:
- Property level profit and loss reporting by building, unit and owner
- Trust ledgers with daily reconciliations and owner statements
- Rent roll, arrears and management fee tracking inside Reckon
- Integration with Rockend Property Tree and other property software
- BAS lodgement, GST and STP Phase 2 filings with audit ready workpapers
Trusted by over 1,000 clients worldwide, Cred Books delivers monthly reporting packets, profit and loss statements, cash flow projections and year end audit files.
Our Reckon Services for Real Estate Businesses
Every service below runs inside your Reckon file, so property bookkeeping, trust ledgers and owner packs stay accurate.
Property Level Reporting
Jobs and categories tag rent, repairs and fees to each building, so every owner sees a clean profit and loss in Reckon.
Trust Account Management
Tenant bonds, sales deposits and owner funds sit in separate trust ledgers, reconciled daily against the bank. This work sits within our Outsource Account Reconciliation Services for Real Estate Businesses.
Rent Roll and Arrears Tracking
Rent invoices, part payments and arrears are matched to tenancies, with ageing reports for property managers.
Management Fee and Commission Billing
Letting fees, management fees and sales commissions are calculated and posted correctly.
Owner Statements and Payouts
Monthly owner statements show income, costs and net payouts, with remittance advice ready to send. Need a full return? We offer Real Estate Tax Return Filing Services too.
Repairs and Supplier Payables
Contractor invoices are coded to the right property, approved, and paid on time through Reckon.
Depreciation and Capital Expenses
Asset registers, capital works and depreciation schedules are kept current for owners and tax advisers.
Payroll and STP Phase 2
Agency staff, commissions and super are processed in Reckon Payroll with Single Touch Payroll filed on time. We also prepare management packs through our Real Estate Financial Reporting Services.
BAS and GST Compliance
GST on commissions, fees and rents is reconciled and every BAS lodgement is prepared and reviewed. Our Real Estate Payroll Processing Services cover pay runs, filings and cost allocation.
Software Expertise
Cred Books vs In House Reckon Accounting: Which Suits Your Agency?
Outsourcing suits property operators who want dependable numbers without hiring a finance team. We also offer Offshore Real Estate Accounting Services.
| Factor | In house team | Cred Books (Reckon for Real Estate business) |
|---|---|---|
| Cost | Salary, benefits, software and training | Accounting costs reduced by 40% to 60% |
| Reckon expertise | Depends on one or two staff members | Reckon Accredited Partner and Reckon certified accountant on every account |
| Property knowledge | Generalist bookkeepers often mix trust money with operating funds | Trust ledgers, owner statements and GST on rent managed to a checklist |
| Reporting delivery | Owner reports arrive late and vary by person | Monthly property and portfolio reports delivered on an agreed schedule |
| Portfolio growth | Every new building adds workload and risk | Add properties and owners without adding headcount |
| Coverage | Business hours, with gaps during leave | Dedicated team with trained backup |
| Audit readiness | Depends on the individual | Audit ready books with documented workpapers |
Why Real Estate Businesses Choose Cred Books for Reckon
Cred Books has served more than 1,000 clients since 2011. These are the reasons property businesses stay with us.
Reckon Accredited Partner
Every client is paired with an experienced Reckon Accredited Partner and a dedicated Reckon certified accountant who set up, review and run the Reckon file.
Property Accounting Specialists
Our team knows trust accounting, owner statements, rent rolls and GST on commercial and residential leases inside Reckon.
Over 15 Years of Experience
Cred Books has been operating since 2011 and has refined its real estate business accounting checklists on real files across several countries.
In House Team of 100+
More than 100 in house certified accounting professionals means cover for leave, peak periods and growth. No freelancers and no handoffs to strangers.
Trust and Audit Discipline
Daily trust reconciliations and documented workpapers keep your agency ready for any trust account audit.
Lower Accounting Costs
Clients cut back office accounting costs by 40% to 60% without lowering quality, because they pay for expertise instead of desks and recruitment.
Which Real Estate Businesses Benefit Most from Reckon?
These property businesses see the biggest gains when Cred Books runs their Reckon file.
Residential Property Managers
Clear trust ledgers and fast owner payouts across large rent rolls.
Commercial Landlords
Outgoings recoveries, lease escalations and GST handled correctly.
Real Estate Agencies
Sales commissions, deposits and staff splits recorded without delays.
Property Developers
Project costs, deposits and settlements tracked by development.
Property Investors
Portfolio level reporting that supports lending and tax decisions. See our Year End Accounting Services For Real Estate Businesses for closing the books cleanly.
Cost Conscious Agencies
Cut back office costs by 40% to 60% without lowering quality.
Our Reckon Setup Process for Real Estate Businesses
A five step onboarding process that moves your property books into Reckon without disrupting rent collection.
Reckon File and Trust Review
We review your Reckon file, trust balances, rent roll and any open owner queries.
Properties, Jobs and Accounts Setup
We set up jobs, categories, custom fields and ledger rules for each property and owner.
Property Software Integration
We connect Rockend Property Tree or your property software so rent and fee data reach Reckon.
Daily Bookkeeping and Reconciliations
We code transactions, reconcile trust and operating accounts and chase unmatched items.
Monthly Owner and BAS Reporting
We deliver owner statements, management reports and your BAS lodgement.
Frequently Asked Questions
Which Reckon products do you support for real estate businesses?
We support Reckon One, Reckon Accounts Hosted, Reckon Accounts Desktop and Reckon APS. We recommend the product that matches your portfolio size, number of users and reporting needs.
How do you handle trust accounting in Reckon?
We keep tenant bonds, sales deposits and owner funds in separate ledgers, reconcile each trust account daily, and prepare the records your auditor expects.
Can you prepare owner statements from Reckon?
Yes. We build owner statements that show rent received, fees, repairs and net payout for each property, and deliver them on the schedule you set.
Does Cred Books handle BAS lodgement for property agencies?
Yes. We reconcile GST on rents, fees and commissions, prepare the BAS lodgement and keep supporting workpapers for review.
Do you work with Rockend Property Tree and other property software?
Yes. We connect Reckon with Rockend Property Tree, Re Leased, DoorLoop, AppFolio and MRI Software so lease and fee data flow into the ledger without double entry.
Can Reckon report on each building separately?
Yes. Jobs, categories and custom fields let us report profit and loss by building, unit or owner, and combine them for a portfolio view.
How is Single Touch Payroll handled for agency staff?
We run pay cycles in Reckon Payroll, calculate super and commission, and file Single Touch Payroll STP Phase 2 data with the ATO after every pay run.
What is a Reckon Accredited Partner?
A Reckon Accredited Partner is an accounting firm or professional recognised for its training and experience with Reckon products. At Cred Books, every real estate business client gets an experienced Reckon Accredited Partner, plus a dedicated Reckon certified accountant who handles the daily work.
How much can outsourcing Reckon accounting save a real estate business?
Cred Books clients typically reduce back office accounting costs by 40% to 60% compared with running the same work in house. The saving comes from skipping salaries, benefits, software training and recruitment, while still getting certified accountants and a monthly review of every file.
How long does it take to move a real estate business to Reckon?
Most Reckon onboarding handled by Cred Books takes between 3 and 7 business days. The timeline depends on how much history you bring across, the number of locations or entities, and how clean your existing records are.
Is Reckon or Xero better for a real estate business?
Xero suits smaller agencies that want a simple cloud tool. Reckon suits Australian and New Zealand agencies that want strong BAS and GST handling, desktop or hosted options and job based reporting. Cred Books supports both and can advise on the best fit.
Why choose Cred Books for Reckon for Real Estate business?
Cred Books has run outsourced accounting since 2011, with more than 100 in house certified accountants and over 1,000 clients worldwide. You get a named Reckon Accredited Partner, a Reckon certified accountant, a monthly senior review and real estate business specific checklists rather than a generic bookkeeping service.