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    Sample Real Estate Agent Chart of Account

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    John Abebrese
    The document provides a sample chart of accounts for a real estate agent to track revenues and expenses. It separates accounts into categories like residential and commercial revenues, cost of sales expenses, salaries and wages expenses, advertising expenses, and other operating expenses. The chart of accounts is meant as a template that agents can customize to their individual needs for tracking financial activities.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Sample Real Estate Agent Chart of Account

    Uploaded by

    John Abebrese
    4K views6 pages
    The document provides a sample chart of accounts for a real estate agent to track revenues and expenses. It separates accounts into categories like residential and commercial revenues, cost of sales expenses, salaries and wages expenses, advertising expenses, and other operating expenses. The chart of accounts is meant as a template that agents can customize to their individual needs for tracking financial activities.

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    The document provides a sample chart of accounts for a real estate agent to track revenues and expenses. It separates accounts into categories like residential and commercial revenues, cost of sales expenses, salaries and wages expenses, advertising expenses, and other operating expenses. The chart of accounts is meant as a template that agents can customize to their individual needs for tracking financial activities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    4K views6 pages

    Sample Real Estate Agent Chart of Account

    Uploaded by

    John Abebrese
    The document provides a sample chart of accounts for a real estate agent to track revenues and expenses. It separates accounts into categories like residential and commercial revenues, cost of sales expenses, salaries and wages expenses, advertising expenses, and other operating expenses. The chart of accounts is meant as a template that agents can customize to their individual needs for tracking financial activities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    SAMPLE REAL ESTATE AGENT’S CHART OF ACCOUNT

    Chart of Accounts

    The first key to your chart of accounts is to separate your revenues from
    your expenses. You will also want to keep similarly related items within a
    grouping or numerical sequence. For example, you will notice that accounts
    41000-41999 are all reserved for residential revenue sources. By grouping
    similar accounts together, it will make it easier to remember where to code
    certain items and to do certain types of business analysis.

    As realtor or real estate agent, you can use this chart of accounts as a template
    to help you set up a way to track the revenues and expenses of your real estate
    activities. This sample real estate agent chart of accounts is meant only as a
    guide; you should customize the accounts to meet your individual needs.

    Revenues

    41000 – 41999 Residential Revenue


    41100 Sales Revenue – Residential
    41200 Listing Revenue – Residential
    41300 Leasing Revenue – Residential
    41400 Property Management Revenue - Residential
    42000 – 42999 Commercial Revenue
    42100 Sales Revenue – Commercial
    42200 Listing Revenue – Commercial
    42300 Leasing Revenue – Commercial
    42400 Property Management Revenue – Commercial
    43000 – 43999 Other Real Estate Revenue
    44000 Interest Revenue
    45000 Other Revenue

    Cost of Sales Expenses

    51000-52999 Cost of Sales Expense


    51100 Commissions Expense
    51200 Royalty Expense
    51300 Listing Cost of Sales Expense
    51400 Buyer Cost of Sales Expense
    51500 Other Commissions Expense
    52000 Other Cost of Sales Expense
    Salaries and Wages Expenses

    61000 – 63999 Salaries and Wages Expense


    61100 Salaries and Wages – Officers Expense
    61200 Payroll Taxes – Officers Expense
    61300 Insurance – Officers Expense
    61400 Other Employee Benefits – Officers Expense
    62100 Salaries and Wages – Management Expense
    62200 Payroll Taxes – Management Expense
    62300 Insurance – Management Expense
    62400 Other Employee Benefits – Management Expense
    63100 Salaries – Staff Expense
    63200 Payroll Taxes – Staff Expense
    63300 Insurance – Staff Expense
    63400 Other Employee Benefits – Staff Expense

    Advertising Expenses

    64000 – 64999 Lead Generation Expense


    64100 Advertising Expense
    64200 Print and Direct Mail Expense
    64300 Internet Lead Generation Expense

    Occupancy Expenses

    65000 - 65999 Occupancy Expense


    65100 Rent/Desk Fees Expense
    65200 Utilities Expense
    65300 Repairs and Maintenance Expense
    65400 Depreciation Expense
    65500 Insurance Expense
    65600 Other Occupancy Expenses

    Communication and Technology Expense

    66000 - 66999 Communication and Technology Expense


    66100 Telephone Expense
    66200 Internet Expense
    66300 Website Expense
    66400 Other Communications and Technology Expenses

    Education and Dues Expenses


    67000 – 67999 Education and Dues Expense
    67100 Education and Training Expense
    67200 Dues and Subscriptions
    67300 Other Education and Dues Expense

    Insurance Expenses

    68000 – 68999 Insurance Expense


    68100 Automobile Insurance
    68200 Errors and Omissions Expense
    68300 Property and Liability Insurance Expense

    Professional Services Expenses

    69000 – 69999 Professional Services Expenses


    69100 Accounting and Tax Preparation Fees
    69200 Legal Fees
    69300 Other Professional Fees

    Other Expenses

    70000 – 79999 Other Expenses


    71000 Meals and Entertainment Expense
    72000 Travel Expense
    73000 Lodging Expense
    74000 Charitable Donations
    75000 Other Expenses

    Chart of Accounts

    The first key to your chart of accounts is to separate your revenues from
    your expenses. You will also want to keep similarly related items within a
    grouping or numerical sequence. For example, you will notice that accounts
    41000-41999 are all reserved for residential revenue sources. By grouping
    similar accounts together, it will make it easier to remember where to code
    certain items and to do certain types of business analysis.

    As realtor or real estate agent, you can use this chart of accounts as a template
    to help you set up a way to track the revenues and expenses of your real estate
    activities. This sample real estate agent chart of accounts is meant only as a
    guide; you should customize the accounts to meet your individual needs.

    Revenues
    41000 – 41999 Residential Revenue
    41100 Sales Revenue – Residential
    41200 Listing Revenue – Residential
    41300 Leasing Revenue – Residential
    41400 Property Management Revenue - Residential
    42000 – 42999 Commercial Revenue
    42100 Sales Revenue – Commercial
    42200 Listing Revenue – Commercial
    42300 Leasing Revenue – Commercial
    42400 Property Management Revenue – Commercial
    43000 – 43999 Other Real Estate Revenue
    44000 Interest Revenue
    45000 Other Revenue

    Cost of Sales Expenses

    51000-52999 Cost of Sales Expense


    51100 Commissions Expense
    51200 Royalty Expense
    51300 Listing Cost of Sales Expense
    51400 Buyer Cost of Sales Expense
    51500 Other Commissions Expense
    52000 Other Cost of Sales Expense

    Salaries and Wages Expenses

    61000 – 63999 Salaries and Wages Expense


    61100 Salaries and Wages – Officers Expense
    61200 Payroll Taxes – Officers Expense
    61300 Insurance – Officers Expense
    61400 Other Employee Benefits – Officers Expense
    62100 Salaries and Wages – Management Expense
    62200 Payroll Taxes – Management Expense
    62300 Insurance – Management Expense
    62400 Other Employee Benefits – Management Expense
    63100 Salaries – Staff Expense
    63200 Payroll Taxes – Staff Expense
    63300 Insurance – Staff Expense
    63400 Other Employee Benefits – Staff Expense

    Advertising Expenses
    64000 – 64999 Lead Generation Expense
    64100 Advertising Expense
    64200 Print and Direct Mail Expense
    64300 Internet Lead Generation Expense

    Occupancy Expenses

    65000 - 65999 Occupancy Expense


    65100 Rent/Desk Fees Expense
    65200 Utilities Expense
    65300 Repairs and Maintenance Expense
    65400 Depreciation Expense
    65500 Insurance Expense
    65600 Other Occupancy Expenses

    Communication and Technology Expense

    66000 - 66999 Communication and Technology Expense


    66100 Telephone Expense
    66200 Internet Expense
    66300 Website Expense
    66400 Other Communications and Technology Expenses

    Education and Dues Expenses

    67000 – 67999 Education and Dues Expense


    67100 Education and Training Expense
    67200 Dues and Subscriptions
    67300 Other Education and Dues Expense

    Insurance Expenses

    68000 – 68999 Insurance Expense


    68100 Automobile Insurance
    68200 Errors and Omissions Expense
    68300 Property and Liability Insurance Expense

    Professional Services Expenses

    69000 – 69999 Professional Services Expenses


    69100 Accounting and Tax Preparation Fees
    69200 Legal Fees
    69300 Other Professional Fees

    Other Expenses

    70000 – 79999 Other Expenses


    71000 Meals and Entertainment Expense
    72000 Travel Expense
    73000 Lodging Expense
    74000 Charitable Donations
    75000 Other Expenses

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