If you are using QuickBooks Online for Real Estate Brokers then you have to consider some important questions when setting up the accounting for this.
- How can you keep track of the sale amount of your properties, by agent, while only showing the commissions earned as income?
- How can you keep track of costs advanced to agents?
- How can you recoup those costs from the Agents when it’s time to pay their commissions?
There are a few key “tricks” to making this all come together very nicely and of course the video will demonstrate much better than I can do with the written word, how this works.
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