Adding/Editing an Other Income

Other income includes everything that is not a deal, a rental or a deal referral, such as consultations, assessments, mortgage referrals and mortgage commissions.

Adding an Other Income

• From Main menu >> Real Estate >> List of Other Income.

• Click on Actions >> New Income.

• Active will be checked when the income is active. To inactivate an income, uncheck this box.

• Pending Validation : If the income needs to be validated, indicate whether this will be done by the Administration and/or by the Management.

• Enter the Date this income was received.

• Select the appropriate I****ncome Type and Financial Institution.

Warning

For a real estate referral, if the address and the name of the agents are known, it should not be included in other income but rather create a deal. The only case where a real estate referral can be entered into other income is when the address and the name of the agents are not known.

• Enter a Name (Description) to easily find this income in the system.

• Explain this income in the Comments field.

• If there is a notary involved, start typing the name in the Notary field and select it from the list or click on the Sheet with a + icon to add one.

• Clients : If the clients already exist in the system, you can use the Contact Search tool by clicking on the Binoculars icon.

• Clients : Alternatively, you can click on the Sheet with a + icon (New Contact) and enter the desired information (Last Name, First Name, Address, E-mail, etc.) to add the clients in the system.

• If applicable, enter the amount of the Mortgage Loan and the information of the Commission.

• Start typing the name of the agent in the Agent or Sub-Franchisee field and select it from the list. Press TAB key on your keyboard or click on the Check Mark button.

NOTE: You can view the total amount of mortgage loan by clicking on the Calculator icon to the right of the agent/sub-franchisee.

• Click on Submit and the other income will be added in the system.

• In the "Files" section of the other income, you can edit the debtor, produce a transaction report, send the transaction report by e-mail and send an invoice or a memo by clicking on the appropriate icon.

Editing an Other Income

• To modify an existing other income, select it from the List of Other Income and click on Actions >> Edit Other Income.

• Make the desired changes and click on Submit to save them.

NOTE: In the case of a mortgage referral associated with a deal, it is better to go into the transaction, in the "Deals"/"Other Income" section to create the other income by clicking on the Sheet with a + icon. You will then be redirected to the "New Income" page and the Name (Description) , Clients and Agent or Sub-franchisee fields will be automatically filled. If you have already created the other income and you realize that there is a deal associated with it, you can associate it with the deal from the Actions menu >> Associate with a Deal.