Bookkeeping for Real Estate Professionals & Brokerages
Commission and tax records for agents and PRECs, plus trust-account bookkeeping, monthly reconciliation preparation, and RECO records readiness support for Ontario brokerages.
Last updated: August 2026
Real estate bookkeeping is not one service for every registrant.
An individual agent or PREC needs clean commission and expense records. A brokerage may also need trust-account controls, monthly reconciliations and inspection-ready transaction records. Taxxel separates those workflows instead of treating them as the same file.
Agents & PRECs
Commission income, brokerage statements, marketing costs, vehicle and home-office records, HST/GST tracking, professional-corporation bookkeeping, and T2/T1 support.
Brokerages
General bookkeeping, commission flows, payroll, HST/GST, real estate trust-account records, monthly reconciliation preparation, and records readiness for RECO inspections.
We structure the bookkeeping around the entity, the income flow, and the records that actually need to be maintained.
Commission-to-tax bookkeeping
- Commission and brokerage-statement reconciliation
- Business expense categorization and source-document organization
- HST/GST tracking and return preparation support
- PREC / incorporated real estate business bookkeeping
- Payroll or dividend bookkeeping records where applicable
- T2 corporate and personal tax coordination
- CRA review and records support
Trust and operating records
- Real estate trust-account bookkeeping records
- Monthly reconciliation working files
- Trust deposit and disbursement record organization
- Trade-related financial records and commission accounting
- Payroll, HST/GST, AP/AR and general ledger support
- Catch-up and records reconstruction
- RECO inspection and annual financial filing readiness support
A trust reconciliation should create an early-warning loop
RECO identifies monthly reconciliation as the leading area of non-compliance found in recent brokerage inspections.
Stay organized between closings and tax deadlines
Real estate income can be irregular, but the bookkeeping should not be. Monthly records make HST/GST filings, corporate tax, cash-flow decisions and CRA requests easier to manage.
Final pricing depends on transaction volume, number of entities, payroll, HST/GST frequency, and whether brokerage trust-account work is included.
Real estate bookkeeping questions
Separate agent, PREC, and brokerage record workflows
Commission bookkeeping and professional-corporation records differ from brokerage trust and inspection-readiness records, so each path should be organized around the right controls.
Brokerage bookkeeping and financial-record preparation for inspection readiness.
A practical checklist for brokerage financial and trust records.
Year-end support for incorporated real-estate professionals and PRECs.
Recurring reconciliations and reporting for agents, PRECs, and brokerages.
Work with Taxxel from your community
Taxxel supports businesses, professionals and individuals across Ontario. Most bookkeeping, tax and CRA records-support engagements can be coordinated securely without repeated office visits.
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