Build your business on organized financial records.
Bookkeeping, HST/GST, payroll, tax and financial reporting for Ontario realtors, brokers and real-estate service businesses.
- Commission income records
- Business expense tracking
- HST/GST support
- CPA-led oversight
Your income may be irregular. Your records should not be.
Closings can cluster in strong months while marketing, licensing, vehicle and office costs continue throughout the year.
A dependable accounting process helps separate gross commissions, brokerage deductions, operating expenses and tax obligations so your reports reflect the business more clearly.
- Commission statements
- Brokerage deductions
- Marketing and staging costs
- Vehicle-use records
- Office and technology costs
- HST/GST and income tax
Where real-estate accounting becomes difficult
Income varies month to month
Closings and commission timing can make cash flow and tax preparation harder to plan.
Statements contain deductions
Brokerage fees, splits and other charges may need to be separated from gross commission income.
Business and personal costs mix
Vehicle, phone and home-office costs require records that support the business-use portion claimed.
HST/GST accumulates
Amounts collected and input tax credits need to be recorded and monitored between filing dates.
Marketing spans many channels
Photography, signs, advertising, websites and client materials create frequent expenses.
Year-end arrives quickly
Missing statements, receipts and mileage information can delay preparation and create extra cleanup.
Connected support throughout the year
Services can be tailored to your business structure, commission activity, team, systems and reporting needs.
Monthly Bookkeeping
- Bank and credit-card reconciliation
- Commission income recording
- Expense classification
- Monthly financial statements
Commission Reconciliation
- Brokerage statement review
- Gross commission records
- Fee and split classification
- Deposit matching
HST/GST Support
- Sales-tax account review
- Input tax credit records
- Return preparation and filing
- CRA correspondence support
Personal & Corporate Tax
- Self-employed T1 returns
- Corporate T2 returns
- Year-end financial preparation
- Capital asset schedules
Payroll & Team Support
- Payroll processing coordination
- Source-deduction tracking
- T4 and ROE support
- Team expense records
Cleanup & Guidance
- Historical reconciliation
- Cash-flow and budget support
- Tax-instalment awareness
- Periodic financial discussions
Understand the path from closing to bank deposit
Commission statements may include several components. Recording them separately can provide clearer income, expense and HST/GST information.
Accounting for real-estate businesses and professionals
Realtors
Real Estate Brokers
Real Estate Teams
Property Managers
Mortgage Professionals
Real Estate Consultants
Home Stagers
Incorporated Professionals
Build a tax-ready document routine
Eligibility and deductibility depend on the facts. Organized records help support the business purpose and calculation of amounts reported.
A practical path to organized real-estate accounting
Discovery
We discuss your structure, brokerage, systems, filing status, team and current concerns.
Assessment
We review available records and identify missing information, cleanup needs and priorities.
Setup & Catch-Up
We organize accounts, establish access and bring the books to the agreed starting point.
Monthly Support
We follow the document schedule, complete reconciliations and deliver agreed reporting.
Professional accounting for a relationship-driven business
ASP Tax & Accounting Services supports real-estate professionals in Cambridge, Waterloo Region and across Ontario.
Real-estate accounting questions
Can you reconcile my brokerage commission statements?
Yes. We can review the information available and establish an appropriate method for recording gross commission, HST/GST, fees, splits and net deposits.
Can I claim all of my vehicle costs?
Not automatically. The treatment depends on ownership, business use and supporting records. A contemporaneous mileage log and expense documents are important.
Can you help if my bookkeeping is behind?
Yes. We can assess the available bank statements, commission reports and supporting documents, then quote a cleanup or catch-up engagement.
Do you work with incorporated real-estate professionals?
Yes. We support incorporated and self-employed professionals. The exact services are confirmed based on your legal structure and engagement needs.
How should I prepare for irregular income?
Regular bookkeeping, cash-flow monitoring and periodic review of HST/GST and income-tax obligations can make upcoming payments more visible.
Ready to close the gap in your accounting?
Book a complimentary consultation to discuss your commission records, expenses, filings and the support that fits your real-estate business.