The Power of Reporting with brokerWOLF

Last week, we published a product review of brokerWOLF from Lone Wolf. Because the program offers hundreds of reports, we could only talk about a few. Here's a list of more helpful reports available in brokerWOLF: 

There are plenty of options available to those looking for a standard accounting system. brokerWOLF was created because the operations of a Real Estate business are far from standard. One of the most amazing parts of the brokerWOLF back office solution is the power of the reports it produces. These reports can act as a snapshot into the overall operations of your Real Estate business as well as give you refined and detailed reports of certain segments. If you want both at once, brokerWOLF can do that too.

While there are thousands of reports you can pull from the brokerWOLF back office accounting solution here are some of the more popular ones you won't get with a standard accounting system:

F.4.3 - Annual Income Statement: This report will give you a month by month breakdown of income and expenses for a past year and is great at helping you identify any trends in your expenses that may be alarming or require additional investigations.

F.S - Cash Status Report: This report is designed to outline the cash position of the company after factoring in items which are in the bank account but are committed to be paid out to other sources, (ie. Accounts payable or commission payable etc.)

5.6.1 - Detailed Aging Report: This report is used by Accounting and Management, the A/P Aging report is a powerful tool to assist you in tracking the status of your company's invoices and payments.The A/P Aging report displays all invoices as of a date which is outstanding. This report also breaks down different time periods for outstanding invoices.

2.P.2 - Pending Transaction Report: The Pending Transaction report displays all transactions that have not yet been finalized in the system. In addition to sub-totaling activity for each month, this report displays expected commissions receivable and commissions to be paid out.

8.6.6 - Agent Expenses Uncovered: The uncovered expense report is designed to give a snapshot on any given day of each agent's outstanding expenses versus their pending closings for the next 30, 60, and over 60 days. The uncovered column displays all agents who have a balance owing which exceeds their pending closings.

2.P.5.6 - Commission Cutting Report: The Commission Cutting Report shows the commission percentages brought in by your agents, and indicates how much commission was lost by agent's cutting their commission rates.

8.F.2 - Agent Net Worth Report: This report will calculate an agents net worth to the office based upon the agents commission and the offices expenses.

2.L.2 - Leads Production Report: This report will display all company generated leads that have been assigned to an agent, as well as what their pending, closed and written deals are as of the specified date.

2.P.C.1 - Commissions With Other Brokers: The Contact Report displays all closed or closed & due to close transactions within a selected date range for selected other brokers. This report captures all transaction activity other brokers which do business with your office and can be narrowed to display one specific other broker and even sub-totaled by agent.

2.P.5.3 - Source of Business Report: The Sources of Business Summary analyzes the source of business information entered on the People screen for buyers and sellers on each transaction. This includes gross commission value from deals which can be attributed to the different sources of business. This report is a great tool for communicating where to put your marketing efforts.

Aren't they great? This is just a very small snapshot of what brokerWOLF can do for your Real Estate business. We pride ourselves in creating and refining great products that continue to evolve with the industry so we are always providing the most value to our clients.

What's your favorite brokerWOLF report? Leave your comments below!

To view the original post, visit the Lone Wolf blog.