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 you normally would as if you would be paying your agent.
- Head to the payout commission page and toggle the Payable button
and turn it to Not Payable
- Click Post to post your Agent's commissions to Xero
Scenario 2 - All parties or just one of the Parties is/are paid at the table by the Title Company.
- Enter your deal as you normally would as if you would be paying your agent.
- Head to the payout commission page and toggle the Payable button on the contact you want to move to Not Payable
to toggle to Not payable.
- Click Post to push over the transaction to Xero.
That's all!
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