Reports
Weekly Pulse Check - How to Validate your Report's Data and Brokerage Income
Loft now sends out a weekly report, each Friday, providing a quick snapshot of what your Brokerage's activity has done over the week. In this article, we'll go through how to validate the data for each Report's section. Please navigate through each ...
Detailed Earning Reports
This new report details both an agent's GCI but also details (itemizes) their deductions within a selected date range. Setting up this report with your Company Logo Head to your Brokerage>Settings menu Navigate to the Brokerage Logo section Click the ...
Pin your filters on Reports & Deals
Check your favorite reports for the ability to Pin your preferences, including the Deal's page, with multiple filter options. Look for the 'Pin this view' link next to the Generate Report button. Choose your filters and pin them so they're saved ...
Reporting in Loft
All reporting is filter based, so each report can be generated for any date range, can be based on Closed or Pending transactions, can be based on Agent, Teams, Offices or across the Brokerage as a whole. This list is not exhaustive of the reporting ...
Franchise reporting for RE/MAX LLC Brokerages
Before creating your Franchise upload, ensure each Agent & selling Broker has their RE/MAX Master ID entered in their profile's Internal ID field. Also confirm your brokerage's RE/MAX Office ID has been entered into the Office profile (external ID ...
USA: Preparing 1099 Reports
Loft47 does not file your 1099 tax reporting, we provide the information not the filing mechanism to file forms either digitally or paper based. We recommend Track1099 https://www.track1099.com/ or Tax1099 https://www.tax1099.com/ to complete the IRS ...
Canada: Preparing T4A Reports
** Loft47 generates information to create T4A information, we do not file this information with CRA. ...
C21 CAD Franchise Reporting
Loft offers three options for reporting to the Franchise for Century21 Canada. Franchise report which summarizes all the data for the time period requested Closed deals report which shows all the data from transacted deals for the time period ...
Popular Articles
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 ...
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 ...
How to Enter Commissions Correctly
How to use the Commission Page correctly Sales Price Use either the % or Flat Fee $ fields, if using the % fields, you can then use the Flat Fee/Bonus field to add an additional bonus No Sale Price Must use Flat Fee $ field Each Commission Side ...