Accounting for Real Estate
Xero Review
A cloud-native general ledger alternative to QuickBooks, popular internationally and with agents who prefer its modern UI over QBO.
Starting at $20/mo (Early)
Xero 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
Xero 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
Product Overview
Xero is QuickBooks Online's main competitor — a full double-entry cloud ledger with bank feeds, invoicing, and a strong app marketplace. In real estate, Xero is most common with Canadian, UK, and Australian agents, and with US agents who came from another industry already using it. The real-estate-specific commission layer is not native; you'll pair Xero with Loft47 (strong Xero integration) or a similar commission tool. The UI is frequently praised as cleaner than QBO's.
Xero 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 Xero?
Starting at $20/mo (Early)
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