Closing costs, booked in minutes

From settlement statement to a journal entry in your books.

Drop a Closing Disclosure, ALTA, or HUD-1. Binderledger extracts every line, suggests a tax treatment with a citation, and posts a balanced entry straight to QuickBooks or Xero.

Capitalize vs. deduct, suggested Land / building split Audit memo on every entry
Closing Disclosure · p.2extracted
Loan origination fee$3,250.00
Title — lender's policy$1,180.00
Prepaid interest (14 days)$612.30
Property tax to escrow$2,940.00
Journal entry · 1420 Maple Aveready to post
AccountDebitCredit
Loan costs (amortized)Amortize over loan3,250.00—
Buildings — basisCapitalize to basis1,180.00—
Mortgage interestDeduct this year612.30—
Prepaid property taxPrepaid / escrow2,940.00—
Cash at closing—7,982.30
✓ Balanced7,982.307,982.30

A settlement statement has forty line items and no two are booked the same way. Hand-keying them into the books — and guessing which ones capitalize — is where the hours and the errors hide.

Binderledger turns that page into a reviewed, balanced entry — with a suggested tax treatment and a citation on every line, for your preparer to approve.

The pipeline

Four steps, closing to books.

The same path your accountant would take by hand — extract, classify, review, post — with the tedium and the double-entry math done for you.

01
Drop the document
Upload a Closing Disclosure, ALTA statement, HUD-1, or UCD/MISMO XML. We auto-detect the type and read every line — scanned PDFs included.
02
Extract the line items
Each fee comes back with amount, debit/credit, and the paying party, stamped with the page it came from. Correct any misread value inline.
03
Classify for tax
Tell us hold or flip. Every line is sorted into its IRS bucket with a citation. We only ask you about the lines we're unsure of.
04
Post the journal entry
Get a balanced double-entry mapped to your chart of accounts. Push it live to QuickBooks or Xero in one click — or export CSV, Excel, or JSON.
What you get

Built for the way real estate is actually taxed.

IRS classification, not guesswork

Every line lands in one of six tax buckets — capitalize, amortize, deduct now, prepaid, or non-deductible — with a citation and a confidence score attached, so a preparer can defend it.

Capitalize to basisAmortize over loanDeduct this yearPrepaid / escrow

Land / building basis split

Enter a land percentage or dollar figure and we split capitalized basis correctly — land isn't depreciable, so the split has to be right.

One-click write-back

Live posting to QuickBooks Online and Xero over OAuth, idempotent so a dropped connection can't double-post.

Group by client, filter in one click

Organize documents and properties under each client (taxpayer or LLC). Pick a client from the switcher and everything — the document list, per-property ledgers, consistency checks, and the year-end pack — narrows to just that client. Handle a whole book of business from one login.

Per-property ledger

Basis, deductions, and every posted entry roll up by property across all its documents — with consistency checks that flag a fee you treated two different ways.

Audit-defense memo

One PDF per entry: the tax treatment, citations, and sign-off — plus a read-only link to share with a client or reviewer.

Every closing format

Closing Disclosure, ALTA settlement statement, HUD-1, and structured UCD/MISMO XML, parsed directly when it's present.

Bring your own journal entry

Not every entry comes from a closing. Type a journal by hand in the line editor or import a CSV — Binderledger balances it, maps it to your chart of accounts, and posts it live to QuickBooks or Xero, right alongside your closings.

Write-back

Posts where your books already live.

Connect up to ten entities — any mix of QuickBooks and Xero — and post each closing, or a journal you typed or uploaded yourself, to the right one. Disconnect any of them in a click; every connection change is recorded in your account activity log.

qb
QuickBooks Online
Live JournalEntry over OAuth. Map to your chart of accounts — or create any missing account in one click. Idempotent, so it never double-posts.
X
Xero
Live ManualJournal push with the same account mapping and one-click creation. Prefer files? CSV, Excel, IIF, and JSON export too.
Why you can post it

A human signs off. The paper trail proves it.

Human approval gate

Nothing posts until a person checks the attestation box. The reviewer owns every line — you can override any classification, not just the flagged ones.

Audit log & one-click undo

Every action is recorded. One-click undo voids the entry in Binderledger and clears its approval so you can regenerate — it never touches your books, so reversing the posted entry in QuickBooks or Xero stays your call.

Won't double-post

Idempotency keys on the QuickBooks and Xero calls, with timeouts and retry — a lost response never becomes a duplicate entry.

Suggested, not advice

Output is clearly labeled as software suggestions for a licensed preparer to review — never presented as tax or legal advice.

Questions

Before you upload.

Which documents can it read?
Closing Disclosures, ALTA settlement statements, and HUD-1 forms as PDF (including scanned ones), plus structured UCD/MISMO XML parsed directly. Files up to 25 MB, one at a time or in a batch.
Does it actually post to my books?
Yes. Connect QuickBooks Online or Xero over OAuth and push a balanced journal entry live in one click. Prefer to stay manual? Export CSV, Excel, IIF, or JSON instead.
Can I post a journal that didn't come from a closing?
Yes. Type a journal entry by hand in the line editor, or upload one as a CSV, and Binderledger runs it through the same balance check, account mapping, one-click write-back to QuickBooks or Xero, and audit trail as an extracted closing. Authoring and uploading journals isn't metered — it doesn't count against your document allowance.
Will it change entries already in my books?
No. Write-back is create-only by design: each push adds one new journal entry and Binderledger never edits, overwrites, or deletes anything already in QuickBooks or Xero. Idempotency keys mean a retry after a dropped connection returns the same entry instead of duplicating it, and an entry that's already been posted can't be pushed a second time. If a posted entry needs correcting, you stay in control — make the fix in your accounting system.
How does the tax classification work?
Each line is sorted into one of six IRS treatments — capitalize to basis, amortize over the loan, deduct this year, prepaid/escrow, non-deductible, or uncertain — with a citation. You confirm hold vs. flip and the land split; the software does the rest and flags anything it isn't sure about.
Is this tax advice?
No. Binderledger produces suggestions for a licensed preparer to review and approve. Nothing posts until a human checks the attestation, and every entry carries an audit memo you can defend.
What happens if a value is read wrong?
Fix it inline. Every line is editable, you can add lines the document missed, and each figure is stamped with the page it came from so it's quick to verify against the source.
What does it cost?
Free covers 3 documents, ever — full extraction, classification, and a balanced entry, with CSV export. Pro is $50/month (less on a prepaid term) for 30 documents a month, live write-back to QuickBooks and Xero, and up to 10 connected entities. Team is $200/month for a whole firm — up to 10 teammates, a shared 300-document monthly pool, and up to 100 connected entities. See the pricing page for the details.

Book your next closing in a couple of minutes.

Start free: upload a settlement statement and see the extracted lines, the tax buckets, and a balanced journal entry — before you pay or post anything.

Start free