Partial Payout

Partial Payout

To partially pay a deal, head to the payout commissions page and expand the line item to override the commissions and fees. Once you pay it out Loft will create a new payout line for the balance owing. 


* Important, if you're backdating your partial payout because you're fixing your deal, please use the post date field to enter the date of the original date the payout happened!


    • Related Articles

    • RECA Trust payout for Outside Brokerages

      The Real Estate Council of Alberta(RECA) may dictate Outside Brokerages to be paid in 2 steps and this article provides help on how to deal with this scenario in Loft. In this example the Brokerage holds $5,000.00 in Trust and will need to pay this ...
    • Making changes to commissions or deductions after the payout to the agents

      In this sample deal, the transaction is closed and payments have been made out of Xero.  Scenario 1: Agent Overpayment - Agent owes the Brokerage funds In scenario 1, either the original commission and allocations can be adjusted down which creates a ...
    • Paying Out a Deal

      When a deal closes and you receive the final funds and are ready to payout you need to ensure that you Deposit funds to the correct bank account - Once you have Deposited funds are into the correct Account you will see the balance appear under the ...
    • Reversing Agent Payouts

      IMPORTANT, please read! Fixing deals are easy but there are a few key things you have to keep in mind. One, make sure you always follow what happens at the bank level. If you fix your deal but have changed any of the amounts that have cleared your ...
    • Setting a payout as Not Payable

      Some brokerages have a Title Company payout (or payout other parties) on a deal.  How is this handled in a deal?  There's a couple of scenarios for this process. Scenario 1 - Your agent was paid at the table by the Title company. - Enter your deal as ...