Bookkeeping for Realtors
Commission tracking, brokerage splits, and tax-ready books for real estate agents across Canada and the United States.
Majoka Accounting Ltd. provides bookkeeping built around how realtors actually get paid: irregular commission income, brokerage fee splits, marketing spend that fluctuates listing to listing, and vehicle and mileage expenses that need to be tracked properly for tax time. We keep your books current so you always know your real take-home, not just your gross commission.
Introduction
Real estate income doesn't arrive on a predictable schedule. A slow month can be followed by three closings in one week, and brokerage splits, referral fees, and marketing costs all eat into commission before it ever reaches your personal account. Majoka Accounting Ltd. works with independent agents, teams, and small brokerages to keep this income organized as it happens, not months later at tax time.
We support realtors across Canada and the United States, including agents who operate as incorporated professionals and those working as sole proprietors. Our bookkeeping gives you an accurate, current picture of commission income, deductible expenses, and what's actually available to draw or reinvest in your business.
Why Bookkeeping Matters for Realtors
Commission-based income makes it easy to lose track of what a deal actually netted you after brokerage splits, marketing spend, and referral fees. Without organized books, many realtors underestimate their tax liability during strong months and get caught short when instalments or a tax bill come due.
Clean books also matter if you're incorporated, applying for financing, or working toward a mortgage of your own, lenders and accountants both need clear, well-organized financial statements, not a shoebox of receipts and a spreadsheet started in January.
Common Financial Challenges
Our Bookkeeping Solutions
Commission & Split Tracking
We record commission income as it's earned, track brokerage fee splits and referral payments, and reconcile deposits against what each closing actually paid out.
Expense Categorization for Real Estate
Marketing, staging, signage, MLS and association fees, professional development, and vehicle expenses are categorized correctly so nothing deductible gets missed at tax time.
Incorporation-Ready Bookkeeping
For agents operating through a personal real estate corporation, we maintain books that clearly separate corporate income and expenses from personal draws, ready for your accountant's year-end filing.
Services Tailored for Realtors
Commission income entry, expense categorization, bank reconciliation, monthly reports
Rebuilding a backlog of commission and expense records
Correcting miscategorized deductions and separating personal/business spending
Filing-ready reports for GST/HST-registered agents
Monthly profit and loss, cash flow, and commission summaries
Remote, on-the-go access to your books from any device
Benefits of Outsourcing Bookkeeping
Software We Support
Industries We Also Serve
Alongside real estate professionals, we support Construction Companies, Medical Clinics, Dentists, Lawyers, Restaurants, Consultants, Nonprofits, E-commerce Businesses, and a range of home service trades.
Why Choose Majoka Accounting Ltd.
Majoka Accounting Ltd. is led by Managing Director M.A. Majoka, alongside Managing Partners Syed Mubashir Hassan and Ali Majoka. We support realtors across Canada and the United States remotely, using secure cloud accounting systems and clear monthly reporting. We are not a CPA firm and do not perform audits, we focus on accurate, current bookkeeping that supports your accountant and your decisions.
Our Simple Process
Frequently Asked Questions
Get a Clear Picture of Your Real Income
If commission splits, marketing costs, and irregular income are making your books hard to trust, Majoka Accounting Ltd. can help. Book a free consultation and we'll show you exactly where your numbers stand.
Related Industries We Work With
Businesses like yours often ask us about these too. Each page covers the bookkeeping that sector actually needs.
Book a Free Consultation
Tell us how your business works and we'll show you exactly where your books stand, with a fixed monthly price and no obligation.