To set up your broker income workflows follow the steps below for which workflow you would like to use.
Track income via deposits- Select this box
This is a description of this workflow
- The transaction"s memo field filled in with the transaction property address.
- The workflow will try to find the Names of the commission items from BrokerSumo, and match them with the Account names in QuickBooks. If it is unable to find a match, QuickBooks will use a default Account.
- Deleting records in BrokerSumo does not delete the created deposits in QuickBooks.
- The workflow runs on demand, when data is posted by BrokerSumo.
Click use this template
Verify you are logged into the correct Quickbooks account
You will the go to the configuration page
Sync all item on first run please bypass this option
Choose which account you are depositing to
Quickbooks default will default the date in Quickbooks to the day you are syncing the information
Close date in Brokersumo will use the close date in Brokersumo in the transaction
Choose your account in Quickbook you want the brokerage income to be tracked in
Then click Apply
Click Apply again
Then click Run and your workflow is now activated
To sync to Quickbooks, after the transaction is closed you click on the sync to Quickbooks button. Then all your disbursement information is synced to your Quickbooks.
Below is the commission disbursement final breakdown from Brokersumo for the brokerage on the disbursement.
You can search your recently synced items in Quickbooks by clicking on the search icon.
You will see your deposit from the disbursement for the brokerage.