SME Professional can calculate revenue between set date ranges for reporting purposes.
It is strongly recommended that users complete the reconciliation process to lock transactions before proceeding to ensure the greatest accuracy within the reporting. More information about the reconciliation process can be found here.
To calculate and report on revenue
Navigate to Admin > Exports
Select the export Revenue (letting agents only) from the Financial section
Fill in the pop-up with the date range the report should cover (typically a completed full calendar month or quarter)
Please bear in mind transactions will always be imported into SME Professional for the previous working day, and so any date range selected should similarly reflect only up to a maximum of the previous working day
Click Display as tabulated totals
Click Go
The report produced will be downloaded in Excel format and provide the gross, VAT, and net totals for fee subcategories across this date range. This information can inform any required revenue reporting.
It is strongly recommended that users save a copy of this report.
The total gross figure here should sum to the running balance of fees and any fees transferred within the same month.
To find out how to check the running revenue balance for the period, please click here.
Below is a table explaining the different fee subcategories for further reference.
Revenue subcategory | Included transactions |
Rent In Fee | Management fees that are taken from Rent In transactions |
Commission In | Commission taken from contractor payments or crediting transactions allocated with this subcategory |
Landlord Indirect Payment of Fee | Any fees taken from landlords using General Fee deductions or crediting transactions allocated with this subcategory |
Marketing fee in | Any fees taken from landlords using Marketing Fee deductions or crediting transactions allocated with this subcategory |
Landlord Direct Payment of Fee | Any fees taken from landlords allocated as Landlord Direct Payment of Fee |
Tenant Direct Payment of Fee | Any fees taken from tenants allocated as Tenant Direct Payment of Fee |
Landlord Fee Refund | Any fee refunds to landlords |
Tenant Fee Refund | Any fee refunds to tenants |