The last quarter of the year is upon us! Along with supermoons and northern lights sightings, this period is the perfect time for real estate professionals to start looking ahead to the new year and all that it can hold.
Over the next few months, it makes sense to focus on immediate issues: securing deals and wrapping them up, getting the right numbers into your back office and accounting software, and taking a peek at preliminary reports about how the year has shaped up for your brokerage. How has your brokerage’s progress been toward the goals you set this time last year? Time will tell—and so will your accounting.
Let’s get into the two main ways that Lone Wolf Back Office can help you kick off the new year with a fresh start.
Simplify your next tax season
There’s a lot of data to gather in preparation for next year’s tax season. You can make it easier on yourself as a broker by using real estate office accounting software that keeps your books sorted throughout the year—in one convenient place.
While you’re preparing, you’ll need to pull accounting information for items like:
- Agent commissions
- Escrow tracking
- Franchise fees
- Transactions
And more. When you rely on comprehensive software like Back Office to organize and maintain your books in check year-round, it means less headache when tax season does hit, since everything’s ready and waiting to go.
Because in Benjamin Franklin’s words, nothing is certain except death and taxes. But keeping a steady hold of your accounting sure comes close as a third certainty.
See the bigger picture
When people think about back-end operations, they often think about run-of-the-mill data maintenance. Record-keeping. But there’s so much more potential to be found in the numbers. If you know where to look, you can even find the roadmap for your future growth as a brokerage.
Did you know that Back Office offers a ton of necessary forms and reports for the end of the year, created with feedback by real-life brokers over time? The most popular ones today offer helpful information and actionable insights on topics like:
- Brokerage finances
- Operational costs
- Budget efficiency and profitability
- Agent performance
And more. These insights can inform your future strategy when it comes to agent recruitment and coaching, digital marketing, and other aspects of your business.
On their own, these reports tell stories of your brokerage’s performance so far. Together, you can use them to see the bigger picture of how you want to grow—and how to get there.
Preparing for 2025: The time is now
The early bird gets the worm, and the early real estate professional gets the clients. Start planning your strategy for success in the new year with Back Office now, and you’ll be on top of your game when it arrives.
Whether you’re a current Back Office user, looking to upgrade in the future, or simply curious about everything that it can do for you, check out this article for more information.
