REAL ESTATE MANAGERS, REAL ESTATE OWNERS & REALTORS

For Realtors QuickBooks is a viable solution to your business management needs.For realtors QuickBooks can track sales by sales person, create forms 1099-Misc and track income and expense by non-employee salesperson.QuickBooks can even track sales by geographic area, residential vs. commercial or by referral source.

Real estate managers and real estate owners of rental properties can benefit from QuickBooks ability to track income and expense by property (and/or property owner for real estate managers).By using the “Class” feature to identify a property and posting income and expenses properly QuickBooks can give the reports required.Below is a sample of the Profit & Loss Statement produced by QuickBooks.

Notice that the properties are reported individually and then totaled by owner. The real estate manager can even produce a Profit & Loss Statement for each owner with a breakdown by property (see below).

For the rental property owner who manages his own properties the Property Owner Classes would not be needed.

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