One of the big impacts of the largely positive upgrade to PMv2 is that there is no longer a clear/simple way see the separation of Commission vs. reimbursed expenses for us as PMs.
I understand the shift to "everything is an expense" from an owner statement reporting perspective -- and my owner statements are better for it! However there is a significant benefit in us being able to differentiate between Commission (which is based on a percentage of revenue) and general expenses that are reimbursements (cleanings, maintenance, supplies, taxes, etc.).
The recent update removed Bookings and Expenses columns from Owner Statements grids in light of this change. On the PM Statements grid, I'd like to see a return of those columns but with Commissions and Expenses as the categories. That would allow us to view Commission segregated out from reimbursed expenses.
Commissions are the best indicator of how a month performed compared to a previous month — or even a previous year year. When all lumped together with Reimbursed Expenses, that indicator is skewed because it could have just been a high maintenance month.
PMs would still strongly benefit from seeing Reimbursed Expenses segregated out from Commissions — even while they’re all now considered owner expenses in the backend.
Great suggestion! I could see us adding a column for commission that is the aggregate of all commission expenses in the statement grids. That would be very useful. We'll discuss this internally and see what we can cook up.
Hey Alece,
We've added a "Commission" column to the Property Manager Statements grid that shows the total of Commission type expenses on each statement. This helps track commissions versus reimbursed expenses more easily.
Thank you so much, Bri!! That is an enormous help! I appreciate you moving this forward!!
Is there any scope for having the Excel download include a Commissions tab as well, to differentiate those line items from the Expenses (more like how it used to be)? That would be the most helpful next step as then it's readily available in the downloadable data -- without us having to manually do it (which opens up to user error).
If you Export all PM statements from this page, does that get you what you're looking for for the time being? That export does appear to pull the new Commission column from the grid view.
https://app.ownerrez.com/management/pmstatements
That export provides it, but the per month (individual) PM statements do not -- so there isn't a way to clearly/readily see the per-booking or even per-property Commission v Expenses via the data export.
We've added the Category column back to PM Statement exports. 🙂 Commission should be visible on the export now.
Thank you, Bri! I just downloaded last month's and it's not visible there yet. Maybe only on future PM Statements?
Hmm. It should be column K on the export. I'm looking at it now. If you're still not seeing it, can you send the export you grabbed over to the Helpdesk so they can take another look, please?
Oh I see that now! YES. It's there. I read your initial post too quickly and interpreted it as being added back in as a separate tab (like in PMv1). I do see it as a column. I can work with that! Thank you, Bri!
You bet!
