Loft Technologies | Payload

Payload
Payload: Paying Mentor fees, Third Party payouts, and Agent Savings
!!Important Please read before proceeding: Third party paying from Payload CAN NOT BE REVERSED, so please make sure everything is correct before you finalize a payment. There are different scenarios to consider so please click the on the scenario ...
Deposits in Payload
Request a deposit via Payload Add your expected deposit via the deal's Add Deposit page Fill in the required fields and click Save to update You will be redirected to your Deal's Transactions page when you save your deposit Click the Direct Payment ...
Paying out and taking payments - Payload
Pay your Agents Payload Turn around times All payment processed after 4 PM PST (7 PM EST), will be considered a next day processing and the payment may take 2 business days All payment processed before 4 PM PST (7 PM EST), will be considered same day ...
HOW TO SET UP PAYLOAD ACCOUNT AS AN AGENT
Set up Account In Loft47 you can get paid quickly via the Payload integration and you can set up your account as follows : 1. Please login and go to "MY PROFILE", "PAYLOAD SETTINGS" on the left hand menu. 2. Next go ahead and click the " + NEW " ...
PAYLOAD - HOW TO SET UP A NEW BANK ACCOUNT IN LOFT 47
Loft47 has embedded the payload.co payment gateway to offer direct payouts to agents for their commission on deals. Payload tracks your brokerages transaction payouts during the month, and Payload will bill your brokerage once a month so you may pay ...

Popular Articles
Best Practices for Month End Bank and Subledger Reconciliations
There are 4 steps to completing a month end review and bank reconciliation. Scroll to section 5 for Tips to troubleshoot differences. 1. Complete the bank reconciliation report in Xero. 2. Run the Subledger report in Loft. 3. Run a Balance Sheet ...
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 ...
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 ...
Other Income - Adding Non Commission Income to Agent and Brokerage Payments
If your agents or brokerage are receiving income that is not classified as commission you can add this additional income to the Other income section on your deal's allocation page Head to your deal's allocations page>navigate to the section called ...
Adjusting your tax settings
Adding/Updating Brokerage Tax ID Head to your Brokerage menu (the menu with the gear cog), click Edit Settings Add/update your Brokerage's Tax ID Turning on Tax Reporting In your Brokerage Menu>Settings, scroll down to the Allowable tax year field ...

Loft Technologies | Payload | Knowledge Base