Escape Excel hell with CommissionTrac.
Streamline back office accounting and commission management.
A Few of Our Happy Customers
Commission Management and Accounting Automation for Today’s Brokerage
CommissionTrac was created to remove the headache from managing brokerage commissions and bookkeeping. The platform provides simple workflows and accounting journal entry automation for everything that’s happens after the deal closes. It even integrates directly with QuickBooks and other general ledger accounting systems for a true turn key experience.
The CommissionTrac C.A.R.
Capture – Account – Report
Capture Deal Transaction Information with Vouchers
Streamline Back Office Deal Processing with Accounting Automation
Run Brokerage Management and Financial Reports from Anywhere
Capture
Use Vouchers to capture all new deal information in one place and one time. No more double data entry. CommissionTrac vouchers are dynamic, so whether it’s a sale, lease, renewal, fee only, etc., the voucher will adjust itself to only show fields for those types of transactions. Vouchers fuel the whole platform and collect information on the following:
- Agents on the deal, how they are sharing it and which split plans to use
- Pre-split deductions and/or outside agent referrals
- Property address and details
- Where the invoice goes
- Rent roll, commission schedule and renewal options
- Comments and attachments
- Customizable Fields
Accounting Automation
CommissionTrac’s accounting automation and workflows were designed to save you time, reduce manual data entry, and get everyone paid faster. Because deal details are all captured with Vouchers, you can use one platform to create receivables/payables entries, generate and track branded invoices, deposit checks and automatically calculate commission distributions. Accounting workflows in the system include:
- Receivables and Payables Journal Entry Automation
- One Time and Recurring Agent Expenses
- Miscellaneous Payables and Receivables
- Charge Reversals and Check Omitting
- Distribution Calculation Automation with Custom Split Plans
- Invoice/Statement Tracking and Aged Receivables Management
- General Ledger Reporting
- QuickBooks Integration
Report
In addition to the management dashboard. CommissionTrac comes with reports right out of the box as well as allows admins to create Excel and PDF downloads of all deal data data, vouchers and payables/receivables ledgers. From financial reports to brokerage management reports, we’ve got you covered. No more waiting for admins to create reports for management. Here are some of the reports that can be run from any smart device:
- Cash Receipts by date range
- Aged Receivables
- Lease Expiration Report by date range
- Agent Earnings by date range
- Receivables/Payables Ledgers to PDF or Excel
- Vouchers, Comps and Deal Data to PDF or Excel
- General Ledger Category Summary Report by date range
- Check List
- Agent Expense Report by date range
- Agent Split Plan Progress report
Agent Portal
“Is that check in yet?”
“Have we sent that invoice yet?”
With the CommissionTrac agent portal, agents never have to ask the back office questions again. With optional email notifications for invoices being sent or commissions being deposited, agents know exactly when dollars are going to hit their account. Agents also have a unique portal where they can run reports, and with permission set customization, they will only see what they’re supposed to see. Agents reports included are:
- Agent Earnings by date range
- Split Plan Progress
- Aged Receivables
- Lease Expiration by date range
- Payables/Receivables/Expenses Report by date range
Integrate
You can integrate our platform with CRM, Accounting Platforms, Property Management Platforms, Marketing Platforms and more. With CommissionTrac’s partnership with OpenBox, you can even integrate with legacy and on premise software from the pre-cloud era! Contact sales for information about making custom integrations!
Some of the native API integrations we’re already working on:
- QuickBooks Online
- QuickBooks Desktop
- ClientLook CRM
- RealNex CRM
- REthink CRM
the old way
GO FROM THIS
the new way
TO THIS
Automatically calculate agent commission splits,
create commission disbursements, track credits
and debits, and gain helpful insights from CRE reports.
create commission disbursements, track credits
and debits, and gain helpful insights from CRE reports.
