Q: I am looking for an accounting solution for our Real Estate business. We manage over 100 bank-owned properties for multiple Vendors. We need to track and bill expenses by property. We also need to handle Independent Sales People on a 1099 basis with deductible expenses. We need payroll for our W-2 staff. We currently use Great Plains and need to know if we can transfer the data.
A: It seems that you are REO service provider as well as a broker. You can surely use QuickBooks as a property management and accounting solution for real estate brokerage with 1099 and W-2′s.
Yes, we have converted data from other software’s but I would strongly suggest that you consult with a QuickBooks expert for real estate and conversion. Discuss the possibilities of what to transfer and how to set up your files along with workflow and procedures.
Before you make the call – what is your budget for transferring the data? If you are thinking of purchasing the Enterprise version give us a call for current promotions and you may be eligible for a free book from the series Manage Properties with QuickBooks AND more benefits when you purchase it from an Intuit Solution Provider.