why Cloud now: record advance commission deposits

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

watch this short video to learn more: