If a credit or advance was paid directly to an agent at closing, the commission due to the company is reduced by the credit or advance amount. Offset settings can be used to record the transaction as if the entire commission was paid to the brokerage.

Please see the step by step guide below:

To Offset a bill that was paid at closing, use the option paid at closing

1. Go to Settings menu
2. Go to Offset Set submenu
3. Check the box beside the deduct line that will be used to book the credit or advance (create one if not set up yet) for either listing or selling side depending on what side is the representation
4. Click save

1. Go to Properties menu
2. Go to Agent Net List or Agent Net Sell
3. Enter the credit or advance amount on the designated deduct line
   • Ensure to check off the box first to enable the writing on the field

Post the property using PAID AT CLOSING -

1. From Properties menu
2. Go to Post submenu
3. Check the box for Paid at Closing ?
4. Click the amount hyperlink next to Invoice order total to review the entries
5. Click save

NOTE: The receivable will only show the amount received and will offset the agent check. The voucher paid to the agent will be minus the credit or advance amount but it will count towards the agent's 1099 at net EARNED for the year.

Post the property with the check amount received

6. Enter the post date for Accounting
7. Check the box for  Record Payments received
8. Click post