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Does anyone have a chart of accounts for Real Estate?

I am a real estate brokerage. Where can I find suggestions for the Chart of Accounts for commission payments and split?
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QuickBooks Team

Does anyone have a chart of accounts for Real Estate?

It's our top priority to help you with all your QuickBooks needs, canard-rmre-grou.

 

Allow me to share some insights with you about the Chart of Accounts (COA) used in recording commission payments and split. In QuickBooks Online (QBO), you'll have to set up the correct Company type based on the area of your business. After that, QBO will provide the details in your COA that applies to your business type.

 

Here's how to check if the type is correct:

  1. Go to the Gear icon.
  2. Select Account and Settings.
  3. Choose the Company tab.
  4. On the Company type section, click the pencil icon to edit the type.
  5. Click Save, then Done.

 

Once, done, you can now create an account in COA. I'll guide you how:

  1. Go to the Accounting menu and then select Chart of Accounts.
  2. Click New.
  3. Select the Account Type and Detail Type
  4. Give your new account a name
  5. Select Save and Close.

 

For more customization of the account, I recommend consulting an accountant. If you don't have, you can use this link to find one: https://quickbooks.intuit.com/find-an-accountant/.

 

To learn more about making a new account in QuickBooks, feel free to review this article: Create Accounts in your Chart of Accounts.

 

In case you'll want to track a sales commission, I suggest browsing this article to find ways on how to record them in QuickBooks: Track Sales Commissions.

 

Get in touch with us if you have additional questions. This way, we'll be able to answer everything for you.

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