The first step in the onboarding process is collecting some basic information for analysis:
1. Chart of Accounts
Our integration requires account numbers enabled in QuickBooks.
Navigate to the Edit menu and select Preferences
Select Accounting in the list on the left
Select the Company Preferences tab
Select the Use account numbers checkbox
2. Account List
Navigate to My Shortcuts and select Reports
Search Account Listings
Select Account listing and Email as PDF
3. Commission Plans
Please provide specific samples of your commission plans. I.e: 70/30 to $50,000.00 (Gross commission), then 80/20 to $100,000.00, then 90/10 or a fee-based commission plan such as $1000.00 per transaction for 10 transactions, then $500.00 per transaction for another 10 transactions, then $250.00 thereafter.
Are you calculating your agents’ commission differently than described above? If so, please provide as much detail as possible.
Are your plans based on closed sales or something else? Meaning do agents graduate based on closed transactions, a rolling period, etc?
4. Transaction Fees
Please list all related transaction fees as follows:
Fee Name After/Before Split After/Before Referral Amount / %
5. Agent Anniversary / Fiscal Year Dates
What is your agents Anniversary date?
Are you calculating using a calendar year (Jan-Dec) or based on their start date with your brokerage?
What is the month of your Fiscal Year end?