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Create Initial Invoice to KWRI (Lonewolf)

Updated

In this section, you create the invoice to record payment of fees to KWRI. During the transmittal process the invoice will be updated with additional fees. In this initial invoice you will add the amounts for: 

  1. Marketing Fee
  2. Technology Fee
  3. NAT – Associate Application Fee
  4. Associate Tech Fee
  5. G Suite Fee
  6. KW Commercial Fee
  7. KW Cares
  8. KWConnect Fee

 

  1. In Lonewolf, select Recurring Accounts Payable Invoice [ 5.3 ] Select Supplier should be MAP001

    LW_Inv_1.jpg

  2. Be sure the Month in the Top Right Corner is the Current Transmittal Month.
  3. Click Edit and enter current Month numbers from WinMORE reports, make sure to apply each fee to the correct account.
  4. Make sure the date is set to the last day of the current period.

    lw_inv2.PNG

  5. If these fees need to be Edited from last month’s posting, click Edit Entry, enter Current Month
    amounts from the WinMORE reports and Click Store to save your changes.

Fee

Account Number

Instructions

Associate Application Fee (aka New Associate Fee)

9901

Review the New Associates Report printed with the EOM reports. Multiply the number of new associates by $25. Verify that $25 has been collected from each new associate and coded to 9901 Associate Application Fees.

Technology Fee

6504

The Technology Fee is a standard $79.00 a month per Market Centre.

Marketing Fee

6152

The Marketing Fee is a standard $83.33 a month per Market Centre.

Associate Tech Fee

2215

Review the Associate Tech Fee Report printed with the EOM reports. Enter the total at the bottom of the report.

G Suite Fee

2216

Print and Review your Associate List for status A and PO to determine the number of associates the market center will be charged for ahead of completing the Profit Share Calculation update during each transmittal. NOTE: this is the former eEdge account and will display on your KWFS as eEdge.

KW Commercial Fee

2217

Download the Commercial Associate Fee Billing Report from myKW Reports under the MC Financials folder. Enter the amount on this report. This amount should match the balance found in the General Ledger Trial Balance for the Commercial Fee amounts that were billed to your associates.

KW Cares / KW Kids Can

2401

Review the KW Cares / KW Kids Can Report printed with the EOM reports. Enter the total at the bottom of the report.

KWConnect

6910

Enter the KWConnect Fee $500

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