In this section, you will print the appropriate EOM Reports, for the purpose of verifying that you have entered your Market Center’s data correctly into WinMORE.
Use the EOM Reports Checklist as a guide to keep you on track as you print, verify, and obtain approval on each report.
Note: Make sure you review and verify the data on each report. Once you transmit, data cannot be changed.
Look for:
- Listings and transactions that may have been entered with incorrect prices (too low or too high)
- Closings that haven’t been recorded
- Transactions entered twice, etc.
Note: If changes are made to any DAs or associate files between now and transmittal, you will need to reprint all of the EOM reports.
Default Printer
To save on paper and give you the ability to email reports to your Leadership and Investment group, you may want to set your default printer to a PDF writer installed on your computer. The reports can later be printed to paper if you desire.
(search the internet for “changing default printer” for your version of Windows for instructions on how to do this).
Note: When printing reports to PDF best practices are to have a designated folder for each accounting period (month/year) to store these reports. The report names do not include the period unless you modify the report name when saving.
Print EOM Reports
- In WinMORE, click Month-End
- Select EOM Reports.
- Click All Required Reports.
- In the End-of-Month Reports dialogue box, click Select All
- Click OK.
Review Each report
Example
a. On the Associate Recap Report (RPT 1), make sure that your Associate Recap ties to all other current and previous month EOM reports. For each category: YTD from last month’s report + Current Month = Current YTD.
b. On the Closed Volume Report verify Company Dollar (co_comm) matches Company Dollar on your financials.
EOM Reports Checklist: Required Reports |
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Report Name |
Description |
How to Use |
|
Activity Report (RPT 4) |
Comprehensive report of productivity and key numbers. |
TLs and OPs use this report to study Market Center productivity. |
Printed |
Associate Recap (RPT 1) |
Summarizes each associate’s contracts, closings, listings, and transactions closed. |
Quick overview of each associate’s current month and year-to-date activity. |
Printed |
Written Sales Volume by Associate |
Details contracts written by associate. |
Review detail of current month contracts. |
Printed |
Closed Sales Volume by Associate |
Details contracts closed by associate. |
Review of current month closings. Also used to verify against MLS reports. Use to verify that Company Dollar, Royalty, and E&O (if applicable) match financial statement. |
Printed |
Written Sales Volume by Type and Class |
Details contracts written by type and class (i.e., Sale/Property or Listing/Lease).
|
Review detail of current month contracts. |
Printed |
Closed Sales Volume by Type and Class |
Details contracts closed by type and class (i.e., Sale/Property or Listing/Lease).
|
Review of current month closings. Also used to verify against MLS reports. |
Printed |
Written Sales Volume by Associate, Type, and Class |
Details contracts written by associate by type and class (i.e., Sale/Property or Listing/Lease). |
Review detail of current month contracts. |
Printed |
Closed Sales Volume by Associate, Type, and Class |
Details contracts closed by associate by type and class (i.e., Sale/Property or Listing Lease). |
Review of current month closings. Also used to verify against MLS reports. |
Printed |
Cancelled Sales Volume by Associate |
List of contracts that have fallen off. |
Review of current month transactions. Also used to verify against MLS reports. |
Printed |
Listing Contracts Taken |
Details listings taken by associate this month. The report includes units, price, expiration date, and MLS #. |
Keep track of listings entered in WinMORE. Also used to verify against MLS reports. |
Printed |
Projection (Contracts Pending) Projected Closings (RPT2) |
Details pending contracts (DAs) by closing date. |
Cash-flow planning. |
Printed |
Royalty Exceptions |
Possible Franchise or Associate Royalty issues. |
Spot and fix problems with Franchise or Associate Royalty. Document all exceptions and have this file folder of information available for your Regional Director or KWRI review. |
Printed |
Strategic Alliances Activity by Vendor |
Lists use of affiliates. |
Use this report to track the use of affiliates. |
Printed |
Strategic Alliances Activity by Associate and Vendor |
Lists use of affiliates. |
Use this report to track the use of affiliates. |
Printed |
Temporary Sponsor Report |
Review the Market Center roster with temporary sponsor names.
|
Update associate records for which you have received approval.
|
Printed |
Print Reconciliation Reports
These reports are used validate and the fees you owe to KWRI on the KWRI Invoice.
- In WinMORE, click Print
- Select Reconciliation Reports.
- Select a report to print. (See below list and print each one).
Monthly Reconciliation Reports |
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New Associate |
This report lists all associates that had a WinMORE record created this month. (Does not include status changes)
|
Validate all new associates have been entered. |
Printed |
Associate Tech Fee |
This report lists active associates, their status combination and Associate Tech fee. |
The total of the Associate Tech fee should equal the balance found in the General Ledger Trial Balance for the Associate Tech Fee amounts that were billed to your associates. |
Printed |
KW Cares Report |
This report lists the contributions from closings by the Associates. |
The total of this report should tie to the KW Cares donation amount listed on the profit share calculation report. |
Printed |
KW BOLD Scholarship |
This report lists the contributions from closings by the Associates. |
The total of this report should tie to the BOLD Scholarship donation amount listed on the profit share calculation report. |
Printed |
Recommended Monthly Reports
These reports are recommended each month and cannot be recreated once you transmit.
- The first three reports can be found under Month-End – EOM Reports.
- The last one is found under Print – Reconciliation Reports.
Additional Monthly Reports to Print |
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Associate Birthdays |
Lists the associate birthdays for the next month.
|
Celebrations! |
Printed |
Associate Anniversaries |
Lists the associate anniversaries for the next month.
|
Celebration and recognition. |
Printed |
Errors and Omissions Insurance |
If your Market Center has a per-transaction policy where what you collect from the agent is paid over dollar-for-dollar to the E&O company, use this report to include with your check. |
Per-transaction E&O reporting. |
Printed |
Associates Capped This Month |
Lists the Associates that reached their cap in the current month. |
Use this report to recognize those associates that have reached their cap |
Printed |