Complex Transaction Management

You need to track a high volume of transactions, each with its own complexities. Recording earnest money, assignment fees, advertising costs, various types of fees and the rapid turnover of properties requires a keen eye and a systematic approach. Mistakes can lead to significant financial discrepancies, affecting your credibility and bottom line.

Time-Consuming Record Keeping

The volume of paperwork in property wholesaling can be overwhelming. From purchase agreements to closing statements, the time spent on keeping records up-to-date is substantial. This not only diverts attention from your core business activities but can also lead to burnout, impacting your personal well-being.

You aren’t making money if you are spending your time on bookkeeping tasks!

Cash Flow Analysis

Understanding the movement and flow of finances is crucial. Without proper bookkeeping practices, maintaining a clear picture of cash flow becomes challenging. This can result in poor financial planning and unexpected shortfalls, which can strain business operations and personal finances.

You’re a master of negotiation, a finder of hidden gems, and a connector of eager buyers and motivated sellers.

In the fast-paced, high-stakes world of property wholesaling, every detail matters.

Property wholesaling, while a lucrative venture, comes with its unique set of bookkeeping challenges. These can have negative effects on both your business operations and personal life.

Regulatory Compliance

Staying compliant with tax laws and regulations is a must. Inaccurate numbers can lead to non-compliance, resulting in penalties and legal issues that can damage your business's reputation and cause undue stress.

Investor Relations

Transparent and clear records are key to maintaining trust with potential investors. Inaccuracies or delays in financial reporting can erode investor confidence, potentially leading to reduced investment and slower business growth.

Scalability

As the business expands, so does the complexity of bookkeeping. Without a scalable system in place, you may find yourself unable to keep up, limiting your ability to expand and potentially causing missed opportunities.

Personal Financial Planning

The overlap between business and personal finances can be significant for independent wholesalers. Poor records-keeping can blur the lines between the two, complicating personal financial planning and creating unnecessary stress.

Good bookkeeping empowers property wholesalers to run their businesses smoothly, maintain client trust, and make informed financial decisions about investments and resource allocation.

“Bookkeeping is the foundation upon which great businesses are built.”

Services we can offer you:

• Clean up (or recreate) your financial records, and maintain a good order of your books in a QuickBooks Online subscription.

• Project-based bookkeeping approach to categorise and track Income and Expenses specific to each deal separately, so that you get a clear picture of your profitability.

• Bookkeeping including VAT & Adjustments.

• Track expenses to maximise tax deductions.

• Understand your return on your marketing efforts.

• Delegate bill pay and processing.

• Statement of Cash Flow and Profit and Loss Statement (P&L) by classification.

• Bank and Credit Card Reconciliations.

• Detailed reports for your business partners, banks and accountant (for tax planning purposes).

• Valuable insights and feedback on your financial position.

• Year-end accounts for internal purposes.

We help wholesalers spend more time out of the office and focus on core business activities - negotiations, property evaluations, sealing more deals and strategizing growth.

Let us take the bookkeeping burden off your shoulders so that you can gain confidence in your finances and free up more time to find the next motivated seller, the next keen investor, and close another deal.