By The Numbers: Why an Accurate Ledger is the Key to a Successful Real Estate Practice

 you’re like most solo and small firm attorneys practicing real estate, you know how critical it is that your numbers are accurate. With real estate closings, numbers, paperwork and ensuring the funds are accurately accounted for can mean the difference between a successful real estate practice and one that’s struggling with accuracy and avoiding the potential for problems with an audit.

Balancing your ledger is the final step in properly accounting for the closing and all the variety of payments that are required. In fact, reconciling your accounts to be sure ALL the allocations are correct before you send funds to your trust account is a best practice and one that can save you time, money and aggravation.

Best ways to Balance your Ledger

Real estate attorneys, paralegals and legal professionals don’t have time to pore over paper books, confusing spreadsheets or complicated financial software. What you need is real estate closing software that includes a built-in ledger option designed to work with the information you’ve already entered. 

With automated software, like Easysoft Real Estate Software, you can stop using excel spreadsheets, and quickly, easily and accurately reconcile your ledger – DIRECTLY in the software.

Don’t risk errors that can be found during an audit or use paper ledgers that can put you as risk for having the wrong math and, possibly overdrawing an account without realizing it.

With Easysoft Real Estate Software’s Ledger Module, all transactions from the CD and HUD-1 form are automatically itemized on the ledger – put your payments and deposits in once, when you start the closing, and all the numbers automatically populate onto the ledger. 

Plus, the Ledger Module makes it easy to split or combine checks across multiple properties or multiple vendors. Print professional-looking checks so you don’t have to waste time filling them out by hand. Itemized ledger reports let you see the whole complicated financial picture and ensure that every check and deposit is accounted for.

Here's how easy it is to use the Easysoft Ledger Module.

Once you have all your itemized ledger details, you can

  • Print checks for all payments – including, real estate brokers, attorneys, title companies, lenders, home buyers and sellers
  • Split and combine checks 
  • Add transactions to the ledger
  • Modify and edit transactions
  • Print or view an entire transaction summaryExport in multiple formats that can easily export to other popular bookkeeping/accounting products like, QuickBooks and TrustBooks

Plus, Easysoft Real Estate Software integrates with Quickbooks and Rynoh. This is an extremely valuable feature for real estate paralegals, solo’s and legal professionals who want to ensure accuracy in figures and have reduce errors during the closing process.

Once you change a number in your Quickbooks account, it will communicate back to Easysoft Real Estate Software. No guessing, no error’s, no manual data entry.

For more information about Easysoft Real Estate Software, or to book a 20 minute demo so you and your staff can see how automating the ledger can help make your practice even more successful, email mark.afonso@easysoft-usa.com, or call 1-800-905-7638 or visit www.easysoft-usa.com to schedule your demo online

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