To set up your broker income workflows follow the steps below for which workflow you would like to use.
Track income via sales receipt- 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 Item names of the product/services in QuickBooks. If it is unable to find a match, QuickBooks will use a default item. For a gross commission the product/services from the workflow configuration will be used.
- Customers will be automatically created in QuickBooks as needed.
- Deleting records in BrokerSumo does not delete the created transactions 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
Customer- you can leave this as property address
Sales receipt date-
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
Demand date in Brokersumo will use the demand date in Brokersumo in the transaction
Choose the account you will deposit the funds to
Choose the product/services account in Quickbooks you want to track the brokerage income in
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 sales receipt from the disbursement for the brokerage, including any fees taken off the top and mapped to the correct account.