PROPERTY AGENCIES · SINGAPORE
Accounting & tax for property agencies and real estate teams.
Property agencies earn commissions around completed transactions but pay salespersons, co-broke parties, portals and suppliers on their own schedules. We keep each deal traceable from gross commission to payout and show what is earned, paid and outstanding.
The challenges we see in Property Agencies.
How we help property agencies and real estate teams.
Accounting & Bookkeeping
Deal-level reconciliation from commission invoice through co-broke and salesperson payout.
Learn morePersonal Tax & GST
GST reporting aligned to commission invoices, credit notes and agreed agency fees.
Learn morePayroll
Employee payroll kept distinct from salesperson and commission payout workflows.
Learn moreAudit Support & CFO Advisory
Cash-flow reporting across commission receivables, payout liabilities and project marketing.
Learn moreWHAT TO WATCH FOR
Compliance notes for Property Agencies.
- Commission agreements should state whether GST is included or excluded; records should preserve gross commission and payouts separately.
- Transaction due-diligence documentation should remain traceable to the related deal and commission record.
Typical setup
Usually a licensed estate-agent company with administrators, registered salespersons, project-marketing costs and many commission statements.
Recommended: Established
Commission volumes, payout reconciliation and project reporting usually require Established-level monthly control.
See packagesProperty Agencies accounting — common questions.
Should salesperson commissions be netted against revenue?
Usually gross commission and salesperson payout should be separate so revenue, cost and GST remain visible, subject to the contract.
When should commission income be recognised?
Recognition depends on when the agency performed its obligation and earned entitlement, not simply when cash arrives.
Does GST apply to property agency commission?
A GST-registered agency generally accounts for GST on taxable agency services, with agreements stating whether commission includes GST.
Can reporting show performance by salesperson or project?
Yes. Deal-level records can connect gross commission, co-broke, salesperson payout and marketing cost.
GUIDES & TOOLS
Useful next steps for property agencies and real estate teams.
Free GST tool
GST Registration Eligibility Checker
Check the retrospective and prospective S$1 million taxable-turnover tests.
Open resourceAccounting guide
Outsourced Accounting for Singapore SMEs
What outsourced accounting includes, when it makes sense, and how to choose the right level of support for your business.
Open resourceOther industries we serve.
Run property agencies and real estate teams? Let's talk.
Book a free consultation and we'll map out exactly how we keep your books and filings clean — and recommend the right package.