Property Accounting screen
the Accounting summary screen shows you everything in one place
In darwin Cloud, the new Accounting summary screen shows you every accounting entry that has any connection to your real estate transactions.
This one screen has links to every accounting record from the first Escrow deposit, to the last commission check disbursement. Referral checks, Overrides, Royalty fees, Deposits, Accounts payable… they are all visible and hyperlinked so you can quickly dig deeper into everything.
The new Accounting summary screen updates in real time. So if anyone in the company makes an Escrow deposit or Payload auto-records an Escrow payment, if your closer sends a commission check by direct deposit or your closing department batches your end-of-day receipts. Everyone can see everything. All in one place. All in real time.
The accounting screen in darwin Cloud is the place where you see all the accounting for a property.
Starting when a property is listed and you get your first escrow deposit all thru the closing. Everything that happens with a property that has anything to do with accounting. It shows up here as it happens. At the end of the day, when you make your end-of-day escrow deposit the escrow gets batched with all the day's escrow deposits, then that shows up on the Accounting page.
Now lets say it's the day of the closing. You get a partial commission payment from the Buyer, but you're not ready to close, because you haven't got the rest of the Commission from Escrow. So, you decide to put in the commission money as a prepayment, and you'll close the property tomorrow when the rest of the money comes in. So you record the prepayment.
Escrow Deposit
Banking Deposit
Payments
It shows up on the Accounting screen.
- Click Properties menu
- Click search to find the property
- Click Accounting sub menu
Sample of what records on the Accounting screen
- Escrow Deposit
- Banking Deposit
- Payments
The Accounting screen is where user can see all the accounting entries related to a Property. They appear as they happen. There are hyperlinks on this page, so user can jump to any of the postings. And if user wants, user could even use this screen as a way to audit if all the accounting is done for a closing.
Additionally, when the transaction/property is closed on the post screen, all the invoices and vouchers related to this transaction are also shown on the Accounting sub menu. This is a great way to see the summary of all the transactions that has been done on that specific property. Hyperlinks are also available on each of the transactions to conveniently transfer the user to that voucher,invoice,deposit or payment if checking is needed.
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