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January 3, 2022
Question

Real estate license fee breakdown

  • January 3, 2022
  • 1 reply
  • 0 views

How to record the following invoice items for the paid real estate license fee? The real estate agent has PREC.

The main concern is mandatory life insurance premiums and PST charged on it.

Thanks a lot.

1 reply

January 5, 2022

Hi rchiarchi,

 

Thanks for reaching out here.  Welcome Back!  QuickBooks Online is a dynamic program for all of your accounting needs.  It's essential that you're tracking the real estate fees correctly to keep your books aligned.  I'd be happy to point you in the right direction so you're on track with your work.

 

When it comes to entering transactions for real estate, there' s several components to take into consideration as you're already aware.  In this situation it's best to reach out to an accountant for the best course of action.  If you don't have an accountant, we can assist you with locating a ProAdvisor in your local area.

 

Please feel free to reach back out if you have any other questions.  We'd be glad to assist!