These instructions apply only to Launching Market Centers. All prior month’s expenses will be realized through the LCF figure entry into WinMORE, and current month’s expenses will be realized through the Set Costs entry into WinMORE. For additional information on Loss Carry Forward (LCF), please see: What is a Loss Carry Forward? If a Market Center is interested in a Loss Carry Forward Reinstatement in the future, they must contact Regional leadership to begin the process. For more information, please see: Loss Carry Forward Reinstatement.
Loss Carry Forward - One Fiscal Year
Once the Launching Market Center has completed the pre-transmittal financials review with the Launch Coordinator and Regional leadership, open the accounting software data file, send or upload financial statements, and open the Income Statement at mykw.kw.com > Technology > KW Financial Statement.
To calculate the LCF figure, note the prior month’s YTD Total KW Owner Profit/Loss on the Income Statement and use this amount as the LCF figure. When completing the Set Costs process (WinMORE > Month-End > Set Costs), enter only the current month’s Total KW Approved Costs amount. When completing the Profit Share Calculation process afterward (WinMORE > Month-End > Profit Share Calculation), enter the prior month’s YTD Total KW Owner Profit/Loss as the Loss Carry Forward figure.
Loss Carry Forward - Two Fiscal Years
Before manually changing the WinMORE date from December of the prior year to January of the current year, open the accounting software data file, send or upload financial statements, and open the Income Statement at mykw.kw.com > Technology > KW Financial Statement.
For two fiscal years, the YTD Total KW Owner Profit for December of the prior year should be noted and added to the YTD Total KW Owner Profit for the month prior to transmittal. For example: If a Launching Market Center opened in November PYYYY and is transmitting in March CYYYY, the December PYYYY YTD Total KW Owner Profit will be added to the February CYYYY YTD Total KW Owner Profit to find the Loss Carry Forward figure.
When completing the Set Costs process (WinMORE > Month-End > Set Costs), enter only the current month’s Total KW Approved Costs amount. When completing the Profit Share Calculation process afterward (WinMORE > Month-End > Profit Share Calculation), enter the number figured according to instructions in the above paragraph as the Loss Carry Forward figure.