Q: I am looking for an accounting solution for our Real Estate brokerage. 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 an 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-2s.

Yes, we have converted data from other software 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.

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