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brokerWOLF, Back Office Management System

A full ERP system designed by Lone Wolf Technologies for real estate & property management companies.
Questions about brokerWOLF, Back Office Management System? Call (800) 827-1151 and talk to a software expert now.

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.

Reviews of brokerWOLF, Back Office Management System

Heather says...

It is not a program to use if you are making banking changes or haven’t trained your staff. It’s easy to have incorrect G/L balances if you don’t know what uou are doing. Fixing a problem is extremely difficult

The good: Easily computes agent commission minus any deductions

The bad: Too difficult to fix a problem. Can’t just change the account you may have posted to wrong, you have to delete the entire entry and re-enter,but you have to know every detail to reverse the transaction.