Transaction fee due to the company and $0 commission collected

Transaction fee due to the company and $0 commission collected

Posting transactions where list or sell commission is $0 and has transaction fee due to the company to collect.

There are two options to post this transaction:

  1. Post the transaction without accounting records but the agent is to get award credit from Anywhere Real Estate Inc.
  1. Enter the post date for accounting
  2. Click POST with no commission
  1. Post the transaction recording the deposit for Transaction fee due to the company, adjust the GCI

Adjust the $ commission:

  1. Click the Properties menu
  2. Click the Commission submenu
  3. Adjust the $ GCI to $0.01
  4. Deduct it from the trans fee
  5. Click save

Adjust agent deduction to zero out Net commission:

  1. Click the Agent Net List submenu
  2. Check the box to override the $ amount to $0.01 for one of the the deductions
  3. Click save
  4. Click recalculate
  5. Confirm that the Agent commission now is $0.00

Post the transaction:

NOTE: Posting Validation window will not pop-up anymore since there are adjustments applied in GCI.

  1. Click the Post submenu
  2. Enter the post date for accounting
  3. Choose to Direct Deposit or Write Checks now
  4. Check the box next to Record Payments received ?
  5. Click post

    • Related Articles

    • How do I Enter transaction Fees Collected in Addition to the Commission

      Click the Properties menu and search for the property Click the Commission submenu Listing commission Selling commission The page shows the total amount for listing commission and selling commission. There is no amount for the transaction fees on ...

    • How do I add Gross commission and Outgoing Referrals to a Transaction

      Our Listing - CoBroke sale For a transaction that is Our Listing - CoBroke sale, the checkbox next to our seller is checked off, and the checkbox next to our buyer is not checked off Click Properties menu Open the Commission submenu Use the search ...

    • How to Setup Transaction Fees Collected from Agents

      If transaction fees are collected from the seller and buyer in addition to the commission, it is often the case that the agent has to pay the fees if they do not collect them from the seller or buyer. A very typical use case is that the office has ...

    • How to Add a Transaction Fee and Add as a Part of Out of Office Referral

      Set up Offset Set Go to Settings menu Go to Offset Set submenu Check the box for Referral for listing and selling Click save Edit the commission information in the property Go and search the property in Properties menu, search and select the property ...

    • Closing a Transaction in darwin Cloud

      All transactions will be closed/Posted in darwin Cloud. If you are an Anywhere Real Estate Inc. franchisee, the closed transaction will be submitted immediately to dash when Posted. ePay will be updated shortly thereafter. The three critical topics ...