brokerWOLF

Back Office Software for Real Estate

Created with the end user in mind, this simple yet comprehensive program provides a complete office management solution. Lone Wolf’s Back Office software combines traditional accounting with automated commissions, transaction data and real time reporting to give broker’s accurate, on-demand insight into all activities associated with the office – from agent profitability to bank reconciliations. Designed specifically for the real estate industry, it speaks your language and works within your processes not the other way around.

ACCOUNTING

• Accounting basics like accounts payable and receivable
• Real time G/L posting and reconciliations
• More advanced tools like forecast, budget and comparison reporting

TRANSACTIONS

• Electronic Deal Sheets
• Transaction Processing and File Compliance
• MLS Listing integration
• Centralized system to track all deals

AGENT MANAGEMENT

• Membership Info: Contact info, contracts, licenses, anniversary and key dates in one tidy profile
• Agent reporting & dashboards (through WOLFconnect Basic)
• Single point of entry used throughout brokerWOLF and all LW systems

COMMISSIONS

• Flexible and unlimited commission structures
• Automated fee and agent billing
• Supports complex partial payments, bonuses, pre/post-split deductions and custom disbursements

REPORTS and INSIGHTS

• 100s of management and production reports
• Robust Reporting such as Agent Net Worth, Ranking of Agents by Commissions, Expenses Uncovered or even Commissions with Other Brokers

Accounts Payable

• Invoice entry for office expenses as well as recovery of expenses from agents.
• General Account cheque preparation.
• Supplier inquiry activity for each supplier (Current & History).

Accounts Receivable

• Tracking all A/R activity from the trade record.
• Posting of cash receipts from lawyers, broker, and agents.

Agent Billing

Charging expense to agents is as easy as 1-2-3, with the many time efficient methods that the system provides.

• Split invoices through Accounts Payable.
• Charging expenses directly.
• Track and post recurring expenses.
• Post expenses to a group of agents.

You can also customize the system to allow for many different expense accounts for each agent. The end result is a professional looking Agent Expense Statement.

Agents Commission/Expenses

• Commission cheque preparation to agents including any deductions.
• Expense Activity including posting of direct expenses, recurring and group expenses.
• Preparation of monthly expense statements as well as yearly summary expense statements.
• GST reporting.

Commission Account Payable

Tracking of all other broker activity from the trade record.

Commission Trust Accounting

• Commission Trust activity on all trade activity.
• Commission Trust cheque preparation.
• Real Estate Trust Account reconciliation.

Financial Activity

• Tracking of all trade, a/r, a/p, agent expense and commission.
• Reconciliation of the General Bank Account.
• Preparation of Government remittance for GST/HST.
• Analysis of budget and actual financial information.
• Preparation of financial statements for any date range as well as a yearly summary.

Property Listings

Tracking of all office listings and their details including agents involved.

Staff Payroll

• Preparation of Staff Payroll cheques.
• Current Income, Employment Insurance, and Canada Pension Plan.
• Preparation of T4s, T4As, and their respective summaries.

Trade Records

• Input of all trade records.
• Agent commission split calculation.
• Production of lawyers and other brokers letters.

Trust Accounting

• Trust activity received automatically from the trade record.
• Trust cheque preparation.
• Term deposit calculation.
• Real Estate Trust Account reconciliation.