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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)

Visit Xero

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