Quick Overview
- 1#1: QuickBooks Online - Comprehensive cloud accounting software with real estate templates for tracking commissions, expenses, 1099s, and transactions.
- 2#2: Xero - Cloud-based accounting platform offering real estate integrations for commission management, invoicing, and financial reporting.
- 3#3: BrokerMint - All-in-one brokerage software with built-in accounting for commission splits, payouts, and transaction-ledger management.
- 4#4: CommissionTrac - Specialized commission tracking and accounting tool for real estate brokerages handling complex splits and 1099 reporting.
- 5#5: Realvolve - Real estate CRM with integrated accounting features for transaction finances, referrals, and profit tracking.
- 6#6: Lone Wolf - Industry-leading transaction and back-office platform with accounting tools for deal management and financial oversight.
- 7#7: FreshBooks - User-friendly invoicing and accounting software suited for solo realtors managing client billing and expenses.
- 8#8: Zoho Books - Scalable online accounting with automation for real estate invoicing, expenses, and multi-currency transactions.
- 9#9: Wave - Free accounting software for small realtors providing invoicing, receipt scanning, and basic financial reports.
- 10#10: SkySlope - Transaction management platform with financial tracking, commission reporting, and compliance for real estate teams.
We evaluated tools based on real estate-specific features (like commission split management, industry templates, and integration capabilities), quality and reliability, ease of use, and value, ensuring a comprehensive range of options for solo agents to large brokerages.
Comparison Table
This comparison table examines leading realtor accounting software tools like QuickBooks Online, Xero, BrokerMint, CommissionTrac, Realvolve, and more, guiding professionals through key features and usability. Readers will gain clarity on how each tool aligns with their business needs in managing finances specific to real estate transactions.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | QuickBooks Online Comprehensive cloud accounting software with real estate templates for tracking commissions, expenses, 1099s, and transactions. | other | 9.4/10 | 9.6/10 | 8.7/10 | 9.1/10 |
| 2 | Xero Cloud-based accounting platform offering real estate integrations for commission management, invoicing, and financial reporting. | other | 8.9/10 | 8.7/10 | 9.4/10 | 8.6/10 |
| 3 | BrokerMint All-in-one brokerage software with built-in accounting for commission splits, payouts, and transaction-ledger management. | specialized | 8.7/10 | 9.2/10 | 8.0/10 | 8.3/10 |
| 4 | CommissionTrac Specialized commission tracking and accounting tool for real estate brokerages handling complex splits and 1099 reporting. | specialized | 8.4/10 | 9.0/10 | 8.0/10 | 7.9/10 |
| 5 | Realvolve Real estate CRM with integrated accounting features for transaction finances, referrals, and profit tracking. | specialized | 7.4/10 | 6.8/10 | 8.3/10 | 7.1/10 |
| 6 | Lone Wolf Industry-leading transaction and back-office platform with accounting tools for deal management and financial oversight. | specialized | 7.8/10 | 8.5/10 | 7.2/10 | 7.0/10 |
| 7 | FreshBooks User-friendly invoicing and accounting software suited for solo realtors managing client billing and expenses. | other | 7.4/10 | 6.8/10 | 9.2/10 | 7.1/10 |
| 8 | Zoho Books Scalable online accounting with automation for real estate invoicing, expenses, and multi-currency transactions. | other | 7.6/10 | 7.2/10 | 8.4/10 | 8.7/10 |
| 9 | Wave Free accounting software for small realtors providing invoicing, receipt scanning, and basic financial reports. | other | 7.2/10 | 6.0/10 | 9.2/10 | 9.5/10 |
| 10 | SkySlope Transaction management platform with financial tracking, commission reporting, and compliance for real estate teams. | specialized | 6.2/10 | 5.8/10 | 7.6/10 | 6.0/10 |
Comprehensive cloud accounting software with real estate templates for tracking commissions, expenses, 1099s, and transactions.
Cloud-based accounting platform offering real estate integrations for commission management, invoicing, and financial reporting.
All-in-one brokerage software with built-in accounting for commission splits, payouts, and transaction-ledger management.
Specialized commission tracking and accounting tool for real estate brokerages handling complex splits and 1099 reporting.
Real estate CRM with integrated accounting features for transaction finances, referrals, and profit tracking.
Industry-leading transaction and back-office platform with accounting tools for deal management and financial oversight.
User-friendly invoicing and accounting software suited for solo realtors managing client billing and expenses.
Scalable online accounting with automation for real estate invoicing, expenses, and multi-currency transactions.
Free accounting software for small realtors providing invoicing, receipt scanning, and basic financial reports.
Transaction management platform with financial tracking, commission reporting, and compliance for real estate teams.
QuickBooks Online
otherComprehensive cloud accounting software with real estate templates for tracking commissions, expenses, 1099s, and transactions.
Class and project tracking for precise commission splits and deal profitability analysis
QuickBooks Online is a leading cloud-based accounting software that empowers realtors to track commissions, manage escrow transactions, and handle 1099 contractor payments efficiently. It offers automated invoicing, bank reconciliation, and customizable reporting tailored for commission-based income in real estate. With robust integrations to CRMs like Follow Up Boss and transaction tools like Dotloop, it streamlines financial workflows for solo agents and brokerages alike.
Pros
- Extensive app marketplace with real estate-specific integrations for seamless CRM and MLS data sync
- Advanced class and location tracking to allocate commissions by agent, deal, or office
- Real-time dashboards and automated 1099 filings for easy tax compliance
Cons
- Requires custom setup for real estate workflows as it's not fully industry-specific out-of-the-box
- Higher-tier plans needed for multi-user access in larger brokerages
- Occasional performance lags with very high transaction volumes
Best For
Solo realtors, teams, and brokerages needing scalable accounting with deep integrations for commission tracking and reporting.
Pricing
Starts at $30/month (Simple Start) to $200/month (Advanced); annual discounts available, 30-day free trial.
Xero
otherCloud-based accounting platform offering real estate integrations for commission management, invoicing, and financial reporting.
Hubdoc-powered unlimited automated bank reconciliation and receipt capture with AI categorization
Xero is a cloud-based accounting software designed for small businesses, including realtors, offering tools for invoicing, bank reconciliation, expense tracking, payroll, and financial reporting. It enables realtors to manage commissions, transaction expenses, vendor payments, and cash flow with real-time dashboards and multi-currency support. Through extensive app integrations, it connects with real estate CRMs like Follow Up Boss and tools for 1099 filings, making it adaptable for real estate workflows.
Pros
- Seamless bank feeds and automatic reconciliation save time on transaction matching
- Unlimited users and collaborators at no extra cost, ideal for real estate teams
- Extensive third-party integrations with real estate tools like Dotloop and SkySlope
Cons
- No native commission splitting or escrow accounting features, requiring workarounds or add-ons
- Advanced reporting and payroll require higher-tier plans
- Customer support primarily via email/chat, with limited phone options
Best For
Small to mid-sized real estate teams or solo realtors needing scalable, intuitive accounting with strong bank connectivity and integrations.
Pricing
Starts at $20/month (Starter: 20 invoices, 5 bills), $37/month (Standard: unlimited), $70/month (Premium: multi-currency, project tracking); billed annually or monthly at higher rates.
BrokerMint
specializedAll-in-one brokerage software with built-in accounting for commission splits, payouts, and transaction-ledger management.
Advanced commission engine that automates intricate payout calculations across multiple plans and referral splits
BrokerMint is a robust back-office management platform tailored for real estate brokerages, specializing in commission tracking, automated payouts, and integrated accounting features. It streamlines transaction management, agent onboarding, and compliance reporting while integrating with QuickBooks for seamless financial reconciliation. Designed to scale with growing teams, it reduces manual accounting errors and provides real-time financial insights for brokers.
Pros
- Highly customizable commission structures with support for complex splits and bonuses
- Seamless QuickBooks integration for automated accounting and reporting
- Comprehensive compliance tools including e-signatures and audit trails
Cons
- Pricing scales quickly with agent count, less ideal for solo realtors
- Initial setup and learning curve can be steep for non-tech-savvy users
- Mobile app lacks full desktop functionality
Best For
Mid-sized real estate brokerages needing advanced commission and accounting automation.
Pricing
Custom pricing starting at ~$125/month for up to 10 agents, scaling with team size and features (Essentials, Pro, Enterprise tiers).
CommissionTrac
specializedSpecialized commission tracking and accounting tool for real estate brokerages handling complex splits and 1099 reporting.
Advanced, infinitely customizable commission split calculator that automates even the most complex brokerage plans
CommissionTrac is a cloud-based software tailored for real estate brokerages, specializing in automating commission tracking, splits, and disbursements from closed transactions. It handles complex commission structures, generates 1099 forms, and integrates with tools like QuickBooks, MLS systems, and CRM platforms for seamless data flow. The platform provides detailed reporting and compliance features to simplify accounting for realtors and teams.
Pros
- Powerful commission engine supports unlimited splits, tiers, and custom plans
- Strong integrations with QuickBooks, Dotloop, and MLS for automated data import
- Comprehensive 1099 preparation and IRS e-filing capabilities
Cons
- Pricing scales quickly with agent count, less ideal for solo realtors
- Initial setup for complex commission structures requires time and configuration
- Lacks full general ledger accounting; best paired with broader software
Best For
Mid-sized real estate brokerages with 10+ agents managing variable commission plans and high transaction volumes.
Pricing
Starts at $99/month for up to 10 agents; custom enterprise pricing for larger teams (typically $5-10 per additional agent/month).
Realvolve
specializedReal estate CRM with integrated accounting features for transaction finances, referrals, and profit tracking.
Automated commission calculations and payout workflows tied directly to transaction stages
Realvolve is a real estate CRM platform with integrated transaction management tools that include basic accounting features like commission tracking, expense logging, and financial checklists. It automates workflows to handle realtor finances within deal pipelines but relies on integrations for advanced bookkeeping. While not a standalone accounting solution, it streamlines financial tasks for real estate professionals managing multiple transactions.
Pros
- Strong automation for transaction-linked financial tasks like commissions and expenses
- Seamless integrations with QuickBooks and other accounting tools
- Intuitive interface that ties accounting to CRM workflows
Cons
- Limited native advanced accounting (e.g., no full GL, invoicing, or tax tools)
- Accounting features feel secondary to core CRM functionality
- Pricing can be steep for users needing only accounting without full CRM
Best For
Realtors and small teams seeking integrated basic accounting within a transaction CRM, rather than dedicated bookkeeping software.
Pricing
Starts at $99/user/month (billed annually) for Essentials, up to $199/user/month for Premium; team plans from $499/month.
Lone Wolf
specializedIndustry-leading transaction and back-office platform with accounting tools for deal management and financial oversight.
End-to-end integration with zipForm for automatic commission calculations from closed transactions
Lone Wolf, via its BrokerMint accounting platform, provides specialized accounting software tailored for real estate brokerages, handling commission splits, trust accounting, 1099 filings, and AR/AP management. It integrates deeply with Lone Wolf's transaction management tools like zipForm Edition for seamless data flow from deals to financials. The solution emphasizes compliance with real estate regulations and automates routine bookkeeping tasks to streamline brokerage operations.
Pros
- Seamless integration with Lone Wolf transaction and CRM tools
- Robust real estate-specific features like commission automation and trust accounting
- Strong compliance tools for 1099s and regulatory reporting
Cons
- Higher cost suitable mainly for brokerages, not solo agents
- Steeper learning curve due to comprehensive feature set
- Custom pricing lacks transparency for smaller users
Best For
Mid-sized real estate brokerages seeking an all-in-one integrated transaction and accounting platform.
Pricing
Quote-based pricing starting around $150/user/month for brokerages, with enterprise plans scaling by volume.
FreshBooks
otherUser-friendly invoicing and accounting software suited for solo realtors managing client billing and expenses.
Customizable, branded invoices with time tracking that automatically convert to bills, ideal for billing Realtor services and commissions professionally.
FreshBooks is a cloud-based accounting software designed primarily for small businesses and freelancers, offering robust invoicing, expense tracking, time tracking, and basic project management tools. For Realtors, it excels in creating professional invoices for commissions and services, managing recurring expenses like marketing and MLS fees, and generating simple financial reports. However, it lacks specialized real estate features such as automated commission splits, 1099 contractor tracking, or integration with real estate CRMs.
Pros
- Intuitive interface with drag-and-drop invoicing that's quick to learn
- Strong mobile app for on-the-go expense tracking and client communication
- Automated late payment reminders and recurring billing for rental management
Cons
- No built-in tools for complex commission splits or escrow accounting
- Limited real estate-specific reporting and integrations (e.g., no MLS or transaction desk)
- Higher pricing tiers required for unlimited clients/invoices, which may not suit solo Realtors
Best For
Solo Realtors or small teams needing simple, visually appealing invoicing and expense management without advanced real estate accounting needs.
Pricing
Starts at $19/month (Lite: 5 clients, 50 bills/invoices) up to $60/month (Premium: unlimited); annual discounts available, 30-day free trial.
Zoho Books
otherScalable online accounting with automation for real estate invoicing, expenses, and multi-currency transactions.
Workflow automation rules for custom approvals on real estate transaction invoices
Zoho Books is a cloud-based accounting platform designed for small to medium businesses, offering invoicing, expense tracking, bank reconciliation, and financial reporting. For realtors, it supports commission invoicing, vendor payments, and basic transaction categorization, with customizable reports for tax compliance. While versatile and integrable with tools like Zoho CRM, it lacks specialized real estate features like automated commission splits or escrow management.
Pros
- Affordable and scalable pricing tiers
- Intuitive interface with mobile app support
- Strong automation for recurring invoices and approvals
Cons
- No built-in real estate tools like commission splitting or MLS integrations
- Limited advanced reporting for property-specific metrics
- Customization requires some setup for realtor workflows
Best For
Solo realtors or small teams with straightforward commission and expense tracking who value affordability and Zoho ecosystem integrations.
Pricing
Free for < $50K annual revenue; paid plans start at $20/user/month (Standard) up to $240/user/month (Ultimate).
Wave
otherFree accounting software for small realtors providing invoicing, receipt scanning, and basic financial reports.
100% free unlimited invoicing and accounting with no user or transaction limits
Wave is a free, cloud-based accounting software tailored for small businesses and freelancers, providing invoicing, expense tracking, bank reconciliation, and basic financial reporting. It excels in simplicity, allowing realtors to quickly set up client invoices for commissions and manage everyday expenses like marketing and showings. While versatile for general bookkeeping, it lacks specialized real estate tools such as commission splitting, escrow accounting, or integrations with MLS systems and realtor CRMs.
Pros
- Completely free core accounting and unlimited invoicing
- Intuitive interface with mobile app for on-the-go access
- Automatic bank transaction imports and categorization
Cons
- No realtor-specific features like commission splits or 1099 contractor management
- Limited integrations with real estate tools like MLS or CRM software
- Fees for payments (2.9% + $0.60 per transaction) and paid add-ons for payroll
Best For
Budget-conscious solo realtors or very small teams needing simple, no-cost invoicing and basic bookkeeping without advanced real estate functionality.
Pricing
Free for accounting, invoicing, and reports; payments at 2.9% + $0.60 (credit card) or 1% (bank); Payroll $20 base + $6/employee/month; optional Pro features $16/month.
SkySlope
specializedTransaction management platform with financial tracking, commission reporting, and compliance for real estate teams.
Guardrails compliance automation that ensures accurate, audit-ready commission tracking tied directly to transactions
SkySlope is a comprehensive real estate transaction management platform that includes commission tracking and basic accounting features tailored for realtors and brokerages. It automates workflows from contract to close, with tools for commission splits, disbursements, and reporting integrated into transaction processes. While not a standalone accounting solution, it supports financial oversight through compliance-driven transaction data, integrating with tools like QuickBooks for deeper accounting needs.
Pros
- Seamless integration of transaction data with commission calculations and splits
- Strong compliance tools that minimize accounting errors in real estate deals
- User-friendly interface with mobile access for on-the-go financial tracking
Cons
- Lacks full accounting capabilities like general ledger, expense tracking, or tax form generation
- Not designed as primary accounting software, requiring third-party integrations for advanced needs
- Pricing is opaque and can become costly for larger teams
Best For
Small to mid-sized real estate brokerages seeking transaction management with integrated basic commission accounting.
Pricing
Custom enterprise pricing; typically $25–$50 per agent/month depending on features and brokerage size, with broker-level plans higher.
Conclusion
The reviewed tools cater to diverse real estate needs, from solo agents to brokerages. QuickBooks Online leads as the top choice, boasting comprehensive cloud features like real estate templates for commissions and 1099s. Xero and BrokerMint rank high too, with Xero excelling in integrations and BrokerMint offering all-in-one brokerage management. Those seeking to streamline financial tasks should prioritize QuickBooks Online, though others may find better fits in Xero or BrokerMint.
Take the next step with QuickBooks Online to simplify your real estate accounting—its robust tools track commissions, manage expenses, and streamline reporting, empowering you to focus on closing deals and growing your business.
Tools Reviewed
All tools were independently evaluated for this comparison