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Loft47 vs Xero

Loft47 logo
Loft47
Commission management and real estate accounting for brokerages — rules-based commission calculation with deep QuickBooks integration.
Custom (~$200+/mo)
Visit Loft47
Xero logo
Xero
A cloud-native general ledger alternative to QuickBooks, popular internationally and with agents who prefer its modern UI over QBO.
$20/mo (Early)
Visit Xero

Loft47 vs Xero: feature comparison

FeatureLoft47Xero
Real Estate-Specific Workflows✓✗
Commission Calculation✓✗
Trust / Escrow Accounting✓✗
1099 & Agent Tax Reporting✓✓
Bank / Credit Card Sync✗✓
Mileage Tracking✗✓
Financial Reporting Dashboard✓✓
CRM / TM Integrations✓✓

Loft47 — Pros & Cons

Pros

  • Powerful rules-based commission engine
  • Deep QuickBooks Online integration
  • Handles complex split structures without manual workarounds
  • Canadian and US tax compliance

Cons

  • Setup complexity — expect onboarding time
  • Not a general ledger on its own
  • Custom pricing — no public tier structure
  • Smaller support team than enterprise vendors

Xero — Pros & Cons

Pros

  • Modern, clean UI — less busy than QBO
  • Strong international coverage (Canada, UK, AU)
  • Native Loft47 integration for commission management
  • Unlimited users at every tier

Cons

  • US ecosystem smaller than QBO's
  • Not real-estate-specific out of the box
  • Early tier has invoice/bill caps
  • Payroll is an add-on, US-limited
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