Profile selector in 'Received from' & 'Refund to' fields in your Add Deposit/Release Deposit menus.
We've implemented a new way to add contacts to the 'Add Deposit' menu and 'Release Deposit' menu. Going forward only contacts added to the deal via the Deals People's page will show up in the Received from/Refund to fields. Scenario 1 - Adding a ...
How to add a deposit
Whether you're adding a Trust deposit or receiving commission funds on a deal, you'll use the Add a Deposit module in a deal. First, head to the Add a Deposit menu under the Deal parent menu. Next, Choose the bank account you're depositing to Next ...
Transferring funds from one deal to another
If a Deal Collapses and you are holding Deposit/EMD funds for a buyer and need to now transfer them to the new Deal this can be done in the following way. First, you will need to 'Release Deposit' from the old Deal by selecting the Release Deposit ...
How Real Estate Transactions work and Understanding Accounting Entries
Real Estate 101 Loft is an accounting platform for Real Estate Brokerages that manages the sale of real property. Closing a transaction involves many parties, including buyers and sellers, Agents, Brokerages,Lawyers, Escrow and Title companies. The ...
Brokerage Dashboard - Deal Items Requiring Attention
In this article, we’re going to explore how to leverage your Dashboard’s Requiring Attention side menu to clean up any outstanding items in your deals. Here’s a broad view of your Brokerage’s dashboard. Let’s tackle each section of the Deals ...