Adding Referrals for Non-licensed Third Parties

Adding Referrals for Non-licensed Third Parties

If a referral is made to a third party that is not a licensed Agent or Brokerage you will be using the "Payable" deduction accessible through the deductions menu. 

Most users set this up as a payable type and name it "Third Party Referral". This will distinguish it from the workflow for licensed parties. 

Licensed Agents or Brokers need to be added to the people page and given an allocation of the commissions for the transactions. See This article for details. 

To add an pay out a third party follow these steps;

  1. Ensure there is a Brokerage template deduction set up for third party referrals. - The screenshots below are provided as examples.



















2. On the deductions page in the deal select "New" and "Third Party Referral"

3. Enter the name of the payee, the dollar or percentage applied and hit UPDATE to recalculate the balance payable to the agent. 

You can either pay directly via Payload or process the payout to the agent as usual under the Payout Commissions tab.

If you choose to send the payout through to the accounting side, you will see two resulting “Bills Awaiting Payment” in Xero or QBO — one for the agent and one for the payee listed in the deduction line.

You can then pay the third party using your preferred method, such as issuing a cheque or any other payment method you normally use.


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