Century 21 - 2171 Message

[progoldi2]

Medfield Real Estate

Hi. Our commission check was shorted by a referral fee of $1625 pd to another company. They paid it directly to the company off the HUD. What is the best way to work this so the referral is shown but also does not affect our bank account so it shows that we got the $6500 but we really only got $4875. Thanks

[admin]

Milford Real Estate

Please use the link provided in this e-mail to access (Knowledge Base Article (KBA):

Article ID: 4241
Subject: How to Deduct an Outside Referral Fee from a Commission

The article contains the instructions for how yo apply an outside referral fee to a commission transaction.

[progoldi2]

Cambridge Homes for sale



Hi. I know how to do an outside referral fee from commissions. In this instance however they DEDUCTED THE REFERRAL FEE FROM WHAT WE SHOULD HAVE RECEIVED and now I am trying to show that there was a referral fee involved with this transaction and still come up with the amount we actually received. Please help what you can. Thanks

[admin]

Dover Homes for sale

When you apply the Referral Fee deduction in the Comm Tree Tab of the property, you will need to change the Credit G/L account to a G/L that is not the Cash Account. In this case, you would want to use the same G/L account for the Credit as you have assigned for the Debit. Using the same G/L account for both entries has a neutral impact in the G/L. You would also need to change the Vendor record to None. This allows you to show the deduction on the deal, but you aren't actually paying it from the deduction entry.

[progoldi2]

Milford Homes for sale



THANKS SO MUCH! I really appreciate your help. Have a nice Thanksgiving.

[admin]

Natick Homes for sale

You are most welcome!

Happy Thanksgiving!

Your Pro Gold i2 Support Team