14.05 A Real Estate Broker is giving a $500 credit to the Buyer. I need to put the credit in the 200
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An amount entered in the Buyers Credits tab, 200 section of the HUD, will show as Incoming Funds in the Reconciliation module (Balance Sheet). Unless the $500 is being received as incoming funds, it should not be shown as a credit in that section.
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Select Line 704 on the Brokers tab in the HUD.
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Enter the credit as a negative number in the Borrower Paid from funds field. This will give the credit to the buyer.
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Open the Reconciliation module (Balance Sheet), then combine the Broker's line item with the negative amount. This will net the credit from the Broker's check.
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An amount entered in the Buyers Credits tab, 200 section of the HUD, will show as Incoming Funds in the Reconciliation module (Balance Sheet). Unless the $500 is being received as incoming funds, it should not be shown as a credit in that section.
-
Select Line 704 on the Brokers tab in the HUD.
-
Enter the credit as a negative number in the Borrower Paid from funds field. This will give the credit to the buyer.
-
Open the Reconciliation module (Balance Sheet), then combine the Broker's line item with the negative amount. This will net the credit from the Broker's check.