Adding Sales to your EOM return
TABLE OF CONTENTS
Adding a Sale
Select your sale on the Current Sales tab and Click on the Add button to add to the Current Months Return.
Make sure that the Sale details are correct
Make sure that all the Agents that should be are attached to the sale
The Agent share of the Awards must equal 100%
Select the sale and click on the Edit button and complete the Sale
Settlement Date and add your Agents and click Save
Manual Sale
If your office is using the OSL Sales module you should not have to enter a Manual Sale
Enter a Manual Sale when processing commission from a Referral Sale or the Sale is not in the Current Sales tab.
Click on the Manual button
Select the Listing type and Category add the Address.
Enter the Sale Price and Commission amount and click Save
On the Current return grid you will see your Sale, marked as MANUAL
Select your sale and click on the Edit button to add your Agents.
Commercial Lease
Select the manual button and select the Commercial listings type
Enter only the commission charged for the Commercial Lease
Commercial Sales are processed as per a normal Sale.
Sale Referrals & Deductions
It would be unusual to charge Franchise Fees on income (that while received) was not kept in the company. So enter the amount after payments made to another company.
When in reverse and your office has sold another companies listing and you have received commission referral money of a Sale, process your share of the income into office.
NEXT Property Management