What to do if the Agency earns a Fixed Amount as a commission (not a Percentage)?

In case of Fixed Amount Per BOOKING

A- In the Strategy of the Rental Owner

1- In the section of the Rental Price Strategy:

Select CAN EARN Money From Bookings (Rental Price) - Percentage - 100%

2- Recurring Expense:

NAME of choice - Fixed Per Booking - XX (commission amount per booking)

THIS NUMBER HAS TO BE IN NEGATIVE as it is a COST for the Owner, otherwise it won’t allow you to save it.

Side note: after saving the Recurring Expense, you can Edit it and choose to only apply it to a few Rentals if this is your case.

B- In the Strategy of the Rental Agency

1- In the section of the Rental Price Strategy

Select CAN EARN Money From Bookings (Rental Price) - Fixed Amount per Booking - XX (this has to be the amount earned per booking by the Agency, for example 20€).

This amount has to be equal to the Recurring Expense put in the Rental Agency’s Strategy.

In case of Fixed Amount per Accounting Statement

This can be per month, per week etc, depending on how often you create your Statements. By most users this is done Monthly.

A- In the Strategy of the Rental Owner

1- In the section of the Rental Price Strategy:

Select CAN EARN Money From Bookings (Rental Price) - Percentage - 100%

2- Recurring Expense:

NAME of choice - Fixed Per Accounting Statement - XX (Agency commission amount per Accounting Statement)

THIS NUMBER HAS TO BE IN NEGATIVE as it is a COST for the Owner

For example: 400€. This should be the exact amount that is charged to the Owner by the Agency as commission.

B- In the Strategy of the Rental Agency

1- In the section of the Rental Price Strategy

Select CANNOT EARN Money From Bookings (Rental Price)

2- !! When you create your STATEMENT you will add the amount earned as a commission by taking the following steps:

  • Create the Payment for your Rental Agency
  • Click on “Add Item”
  • Concept Type: Booking
  • Select the Rental/s for which it applies
  • Put a Description/concept
  • Select “Fixed Amount” and fill in the Amount. This has to be a Positive Number as it is an INCOME

It is very important you select BOOKING (or fee or tax) in Concept Type. (If you select Expense or Other, this will not be included in the Invoice, if you create one).

For example: 400€. This should be the exact commission amount that should be paid to the Agency & Should be equal to the amount added as a Recurring Expense per Accounting Statement in the Rental Owner's Strategy.

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