Summary
Learn how to set up pending transactions for commission invoices to automate payments based on trust fund release or billing conditions.
This article covers:
Overview
Pending transactions allow you to automate commission payments based on specific conditions, such as the release of trust funds. When a listing is marked as sold or a gross commission is calculated, you can configure commission invoices to trigger pending payments automatically.
Configure pending transactions settings
To enable pending transactions for commission invoices:
- Go to: Settings > Accounting > General
- Select your Office from the list
- Scroll to Commission Invoice Pending Transaction Setup
If pending transactions have already been set up for advertising invoices and you wish to disburse to the same account or ledger:
- Tick the checkbox Inherit settings from invoice
- Click Save
This will automatically apply the same account or ledger used in advertising invoices to your commission invoices.
If pending transactions have not been set up for advertising invoices or you wish to disburse commission funds differently:
- Select Transaction Type
- Payment - Select a destination account from general accounts set up for the listing office
- Transfer - Select a destination ledger for transferring funds within the same trust account
- Select the Destination Account (or ledger)
- Tick I want to pay tax separately (Optional)
- Click Save
What's next?
Learn how to set up pending transactions for an advertising invoice.