you do the closings

With the "you do the closings" package, here's what your team does

work for closings

• review the agent net pay that darwin figured out automatically and change prop status to: Ready to Close
• record the deposit received in the property record in darwin
• upload (or email) a scan of the commission deposit into the property record in darwin
• post commission deposits
• send agent commission checks by overnight direct deposit
• do all commission accounting
• report the closing to your franchise
• deliver agent commission statement email

With the "you do the closings" package, here's what our accountants do for you

work for closings

• correct / adjust accounting entries for commission revisions after a closing

transaction management work

• check documents for compliance
• update transactions as they move from listing to close
• print Disbursement letters from darwin
• record escrow deposits and print escrow checks

transaction management work

• confirm closings are reported to franchise
• pay franchise fees

agent onboarding work

• add new agents to darwin.Cloud. Including
  • mobile phone # for darwin Chat
  • website profile & headshot for your franchise
  • social security number
  • bank account info for direct deposits and credit card info for agent bill pay
  • team membership
• setup agent's commission plan details
• select recurring monthly billing items
• add override information for recruiters or mentors that get paid on each of the new agent's closings

agent onboarding work

• answer questions about agent's commission plan setup
• answer questions about recurring monthly billing setup
• help with adding override information for recruiters or mentors that get paid on each of the new agent's closings

work for bill pay

• upload (or email) a scan of every bill that can't be paid online
• if a bill has charges to recover from agents, detail which agent and how much

work for bill pay

• post all the bills to the correct expense account - including auto-pays and online payments
• pay the bills
• pay the franchise fees
• pay the Quarterly estimated tax to the IRS and the State

work for agent billing

• deposit agent checks that are brought to the office
• upload a scan of agent payment bank deposit

work for agent billing

• produce agent bills
• charge agent bills to their credit card or bank account
• post agent payments
• deliver agent invoices by email

work for credit cards

• answer questions as needed about credit card charges

work for credit cards

• breakdown and correctly classify all credit card expenses

work for bank reconciliations

work for bank reconciliations

• reconcile all bank accounts

work for budgets

• decide what your financial budgets are for each office for each month for each GL account

work for budgets

• help with figuring out budgets for each income and expense account
• load all financial budgets for each office for each month for each GL account

work for payroll

• report hours to payroll service

work for payroll

• post payroll expenses from payroll report

end of month

end of month

• post corporate overhead allocation to correctly spread corporate expenses across all offices
• post depreciation and amortization expenses
• post Journal entry adjustments as requested by your tax accountant
• proof balance sheet
• proof Accounts receivable reconciliation
• proof Accounts payable reconciliation
• deliver Profit & Loss reports by email

optional tasks you could do

• release agent direct deposit payments
• decide what bills to pay
• fill orders for swag or services ordered by agents in your darwin.Cloud company store

year end

• 1099 preparation for all payees with valid 1099 information
• delivery of 1099 FIRE file to the IRS
• delivery of reports to your tax accountant