Prorated Deduction Calculators

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• How to add Deduction Groups

  You can package fees in a group to provide more flexibility for the Brokerage and simplicity for the Agents.  In order to group the fees, head to the Brokerage menu / Deductions To create a group, click on any of the fees on this page. You can assign ...

• Tracking your payable deduction

  Introduction: Payable Deductions are often setup 2 different ways; the first is setup to track and clear out your Commission Payable GL account, no taxes are applicable to this fee and you're not wanting to track this fee in your own GL account.  The ...

• How to Add New Commission and Deduction Adjustments for Agents

  Commissions reward agents for their performance, while deductions account for adjustments, corrections, or agreed-upon reductions. Loft47 makes it easy to add new adjustments without changing past entries, so your records stay accurate and ...

• Adding Deduction Fees to Agents Profiles and Overriding levels

  Adding Deduction Fees to Agents Profiles and Overriding levels In order to automate fees on commission earnings you'll need to add fees to an Agents' profile in Loft.  Open the Agents profile and scroll down until you see the deductions section. From ...

• Beginning Balance/Mid Year/Year End Commission & Deduction adjustments

  When switching Back office software Mid year we require to add ytd adjustments for agents commissions, production and fee information in order to have accurate 1099 and T4A information. This is also the case for agent's switching from being payable ...