Deduction Templates
Prorated Deduction Calculators
Here are a set of calculators for multiple tiered deductions that are set to prorate Based on 'This Deduction Year to Date' - open this spreadsheet and make a copy for your use ...
Deductions 101
Creating A Deduction Most deductions are straightforward and can be created by following the tooltips next to their corresponding fields. Important Tip when setting up a new Deduction Template! Deductions may be scoped according to whether the deal ...
Adjusting your Deductions for Tax Reporting
Determining How you will Report Whether you're reporting Gross, Full or Partial NET Commissions, you will have to adjust each deduction accordingly to how you will be reporting. Here's the definitions for all three ways to report: Gross Commissions ...
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 ...
Teams and Team Deductions
Creating a team Once team deductions are created as a Brokerage template, you can apply them to specific teams. Go ahead and create a team in the Brokerage Menu under 'Teams'. Click on the '+New' option to create a new team. Enter the primary Agent ...
Setting up & Managing Mentor Fees or other Payable type deductions
MENTOR FEE DEDUCTION Refers to fees paid to an internal (mentoring) agent, deducted from another agent’s commission. For mentor-type fees, select “Yes” if you are paying an in-house agent or broker. You can override any profile deduction to update ...
Adding 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 ...