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Your Accounting system - HMeader - 01-09-2014 02:42 PM

What do you agents use for your Accounting system?

How does an agent account for commission income? Just a simple Sales? How about states like Texas that charge sales tax on business services (yes, really!) that aren't MD or legal related? How does the commission get taxed?



RE: Your Accounting system - Jennifer Allan Hagedorn - 01-10-2014 08:12 AM

I never used an accounting system, but that's just me. In all likelihood your office manager will keep track of your commissions and you'll get a 1099 in January.

Don't know anything about how it works in Texas, but I'm sure your broker will :-)

RE: Your Accounting system - HMeader - 01-10-2014 08:44 AM

Just wondering since we're supposed to run ourselves as a business, keep up with expenses, etc...I kinda like Wave Accounting so far. Been using it with my teeny weeny business...just wondered if there was one RE agents preferred.