We are able to provide your brokerage with the accounting, tax and support you need to continue to be successful.

Female Real Estate Agent in Front of Sold Home For Sale Sign and House.

Operating a real estate brokerage can be time consuming, and often times the last thing an owner wants to think about is the accounting.  At Edward & Manning, we have the expertise to assist in optimizing your operations to make the accounting less worrisome and time consuming.  This translates into more time helping your clients.

As a licensed brokerage in Ontario, there is a requirement to maintain two separate bank accounts – an operating account and a trust account. When there are multiple agents, it is also a good idea to have a separate commission account.  As well, there are rules surrounding when the funds can be transferred or released.  As part of the financial statement preparation, Edward & Manning will ensure that these accounts are being used accurately.

Edward & Manning can assist you with the following:

  • Timely bookkeeping
  • Trust account reconciliation
  • Commission calculation to agents
  • Annual financial statement preparation
  • Ongoing tax planning and guidance
  • Organizational optimization

Let Edward & Manning help put you on the right path for success.