overview of darwin.Cloud’s record advance commission deposits feature for improved cash flow management and streamlined payment processing.
key takeaways
- new darwin.Cloud features allow recording commissions received before property closing and reassigning advanced commissions
- process involves adding payment to property, depositing in banking section, and reassigning if needed
- feature useful for managing early payments, remote office deposits, and maintaining accurate financial records
- additional dashboard line item “pendings with money received” helps track properties with pre-received funds
topics
advanced commission deposit process
- click “properties” and search for the property address
- use “add payment” button on the basics tab
- enter payment details (check number, date, amount, sender)
- go to banking section to deposit into darwin.Cloud
- create new deposit ticket, select property, and post deposit
reassigning advanced commission
- search for property with existing payment
- unpost the payment from accounting tab
- use “move prepayment” to transfer to correct property
- new property will show commission deposit paid in advance
- closing process will account for pre-received funds
use cases and benefits
- prevents leaving checks undeposited (e.g., when agent is unavailable)
- facilitates distributed systems where remote offices deposit checks
- allows accounting department to close properties efficiently
- dashboard can show “pendings with money received” for easy tracking
skyslope integration updates
- lender field in skyslope can be mapped to mortgage field in darwin.Cloud
- title company information can be separated from contact details
- agent commission percentages from skyslope now import correctly
next steps
- implement skyslope field mapping changes (lender to mortgage, title company separation)
- apply changes only to new imports, not historical data
- consider adding “pendings with money received” to client dashboards
- potentially address agent commission advances in a future webinar