Realtyzam is cloud-based accounting software built exclusively for real estate agents. It can be used to track expenses, import transactions, generate reports for tax filings, and generate year-end reports. It also syncs to the user’s bank account automatically to track specific transactions. Its pricing starts at $12 per month, and it works best for self-employed agents and small teams that need a quick accounting solution.
Realtyzam Pros and Cons
Automatically downloads bank transactions
Does not offer advanced accounting and budgeting features
Automated data entries
Data syncing is not done realtime
Cloud-based platform that is accessible anywhere
Who Realtyzam Is Best For
- Self-employed agents and small teams that need a quick accounting solution: Realtyzam’s features can be best maximized by individuals and small real estate teams that require a basic accounting solution. It eliminates manual data entry by logging users’ bank and credit card transactions automatically.
Realtyzam’s pricing depends on the number of properties sold or income per month: Free ($0) and Basic ($12/month). The main differences between the two include unlimited income and expenses tracking and unlimited properties sold per month. Both subscriptions include commission tracking, receipt scanning, and email support.
*Annual plans are billed in full at the start of the billing cycle.
Realtyzam is free to use for all users for the first 30 days. During the free trial period, it offers the same benefits as the paid plan. After 30 days, Realtyzam is still free to use until the user sells at least two properties or logs $3,000 of income and expenses. Each free account is limited to one user.
The paid plan offers users unlimited income and expense tracking. It can track commissions, scan receipts, and track profits and losses. It can also sync to the user’s bank account to track business transactions automatically.
Realtyzam Alternatives 2020
Who It’s Right For
Best overall for real estate businesses and investors of all shapes and sizes at an affordable cost
Large rental property management or investment companies as well as real estate associations
People who manage/invest in real estate on the side and want to separate business and personal expenses
Real estate businesses and investors who want a cloud-based alternative to QuickBooks Desktop
Real estate investors, brokers, and businesses looking for a comparable alternative to QuickBooks
Realtyzam is streamlined accounting software for real estate agents. It helps users keep track of their income, expenses, and sales transactions. Some of its key features include zero data entry, bank statement uploading, receipt uploading, and tax reports.
Zero Data Entry
Realtyzam automates data entry. Users can link their bank accounts and credit cards to their Realtyzam account and, every day, it will download all transactions automatically and upload them to the user’s account. It will also auto categorize recorded transactions based on the user’s custom rules.
Bank Statement Uploading
Users also have the option to download their bank statements and credit card bills on their own and upload the files into Realtyzam. This way, they can save time they would otherwise spend on entering transactions one by one manually.
Realtyzam allows users to upload their expense receipts to the platform. It will then store a digital copy of the receipt and link it to an expense transaction. This makes it easier to pull up a receipt whenever needed.
Realtyzam can generate quarterly or annual reports that users need for their tax filings. The reports are generated automatically and will provide accountants with everything that they need to do the user’s taxes.
If you’re unsure if this is the best software for your real estate business, answer a few easy questions and we’ll give you a personalized suggestion.
Summary of Realtyzam Reviews
As of the date that this article was written (April 21, 2020), there are very few Realtyzam reviews available online. One reviewer on AppGrooves liked it for making accounting transactions easier. Another user commented that its user interface is good. One user, however, reported that there is a lag between the time a receipt is uploaded and when it is linked to a transaction.
Realtyzam Frequently Asked Questions (FAQs)
Can I use Realtyzam on my mobile device?
Realtyzam offers a dedicated mobile app for Android and iOS devices.
Can I import data prior to my Realtyzam subscription manually?
Users can import prior data or input them in their Realtyzam account manually.
Which banks and credit cards does Realtyzam support?
Realtyzam supports more than 15,000 bank accounts. Those interested to know if their bank is supported can contact Realtyzam for more information.
Realtyzam is a good option for self-employed real estate agents and small teams. While it offers only the most basic accounting features and is not that ideal for bigger teams, it offers a great value for those who do not need more complex accounting features. Its interface is clean, its pricing is reasonable, and it offers automatic bank syncing—all the hallmarks of entry-level accounting software.
If you aren’t sure that Realtyzam is right for you, then this article on the best real estate accounting software is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on key functionalities, such as cost, features, and ease of use.