The Real Estate Chart of Accounts

#SimpleNumbersInc #FinancialManagement

Are you leading a busy real estate team but still unsure if the numbers truly support growth? Many team leaders focus on closings and commissions while missing the financial details that quietly determine whether a business can scale or stall. Today, I'll break down the five numbers every real estate team needs to understand to see how money really flows through the business. For example, knowing your total revenue, cost of sales, and real profit can reveal whether growth is sustainable or overly dependent on you. Get the full breakdown in my latest video. Learn more: https://blog.simple-numbers.com/the-real-estate-numbers-most-agents-overlook.html Timestamp: 00:00 — Intro 00:12 — Simplicity breeds clarity 00:42 — The five numbers in real estate 00:58 — Total revenue 01:18 — Cost of sale 01:31 — Gross profit 02:39 — Operating expenses 03:31 — Net profit 03:44 — The bottom line #SimpleNumbersInc #FinancialManagement ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/shelly-simple-numbers/strategy-call 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

Are you scaling your real estate team and wondering why your income feels smaller even though revenue is up? Many agents grow, hire, and expand, only to realize their profit is not matching the effort they are putting in. Today, I'll break down the costly mistake agents make when they scale and why basic bookkeeping hides the true cost of sale. You’ll see how owner production often masks weak margins and makes the business look healthier than it is. Get the full breakdown in my latest video. Learn more: https://blog.simple-numbers.com/the-costly-mistake-agents-make-when-they-scale.html Timestamp: 00:00 — Intro 00:11 — How a bookkeeper helps 00:24 — Shifting from solo agent to business owner 00:48 — Tracking the cost of sale 01:27 — The benefit of having a bookkeeper #SimpleNumbersInc #FinancialManagement #Profit ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/shelly-simple-numbers/strategy-call 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

If you still think your CPA’s reports show the real health of your real estate team, it’s time to take a closer look. Most team leaders don’t realize that their books are inflated by their own production and don’t reflect the actual performance of the business. Today, I’ll explain why adjusted net profit and real estate-focused bookkeeping give you a true understanding of where your model stands. You’ll learn how clean numbers expose hidden expenses, weak splits, and gaps that are slowing your growth. Get the full breakdown in my latest video. Learn more: https://blog.simple-numbers.com/the-power-of-real-estate-focused-bookkeeping.html Timestamp: 00:00 — Intro 00:21 — The big problem with your actual profit 00:37 — Adjusted net profit 00:54 — How we can help you 01:19 — The importance of adjusted net profit 01:41 — How it works 02:05 — Like and subscribe #SimpleNumbersInc #FinancialManagement #Bookkeeping ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/shelly-simple-numbers/strategy-call 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

Are you confident your real estate team is as profitable as it looks on paper? Many leaders trust their CPA’s numbers, only to discover later that their own production is masking deeper issues in the business. Today, I’ll explain why most team leaders miscalculate profit and how adjusted net profit gives you a clear view of your team’s true financial health. You’ll learn how to break down your numbers, expose hidden costs, and see whether your model can stand without you selling. Get the full breakdown in my latest video. Learn more: https://blog.simple-numbers.com/why-most-team-leaders-miscalculate-profit.html #SimpleNumbersInc #FinancialManagement #AdjustedNetProfit Timestamp: 00:00 — Intro 00:30 — Adjusted net profit 01:00 — The correct way to build your RE business 01:31 — How to calculate your adjusted net profit 02:47 — Your actual total revenue 03:29 — Reach out ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/shelly-simple-numbers/strategy-call 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement