Accounting for Real Estate
QuickBooks Online Review
The default general ledger for US small businesses — widely used by real estate agents and brokerages, with add-ons for commission and trust accounting.
Starting at $35/mo (Simple Start)
QuickBooks Online Pros
- ✓Industry-standard GL — your CPA already knows it
- ✓Massive ecosystem of real-estate-specific add-ons
- ✓Bank feeds, receipt capture, mileage built-in
- ✓Scales from solo agent to multi-entity brokerage
QuickBooks Online Cons
- ✗Not real-estate-specific out of the box
- ✗No native commission management — need Brokermint/Loft47
- ✗Trust accounting requires careful setup
- ✗Pricing tiers add up as you grow
Product Overview
QuickBooks Online isn't real-estate-specific, but it's the ledger nearly every real-estate-specific tool integrates with. For solo agents, the Simple Start tier ($35/mo) is enough to track income, expenses, and produce a Schedule C at tax time. Brokerages typically pair QBO with Brokermint, Loft47, or Emphasys for the commission/back-office layer QBO doesn't natively handle. The massive ecosystem of accountants, apps, and integrations is the real reason it's the default pick.
QuickBooks Online features
- ✗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
Ready to try QuickBooks Online?
Starting at $35/mo (Simple Start)
Other Accounting for Real Estate worth considering
AccountTECH
A real-estate-native brokerage accounting platform with DarwinDeals — designed specifically for commission calculation and trust accounting.
Custom
Brokermint
A back-office and commission management platform for real estate brokerages — transactions, commissions, and accounting in one system.
$99/mo (small teams)
Emphasys Back Office
Brokerage back-office accounting, commission management, and agent billing — widely used by mid-sized US and Canadian brokerages.
Custom (brokerage)
Realty Software