Loft TV | Loft + Xero | Knowledge Base

Loft + Xero
ASSIGNING BILLABLE EXPENSES TO AGENTS IN XERO
XERO : BASIC RECONCILIATION IN XERO
In this brief video we look at the basics of Xero reconciliation and how they link to Loft47. Also go over to Xero and look at their education tools which cover this subject in even greater detail - https://central.xero.com/s/ ...
XERO: CONTACTS
In this brief video we look at the basics of Xero contacts and how they link with Loft47.
XERO : BILLS
XERO: DASHBOARD
In this brief video we look at the basics of the Xero dashboard.
XERO: INVOICES
In this brief video we look at the basics of setting up a standard invoice in Xero and also a repeating Invoice for charging your agents for monthly items.

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 + Xero