all right guys i cannot stress how important it is to have a financial statement inside of your business most it's amazing how many real estate agents don't have a financial statement and maybe they look at it once every quarter or at the end of the year they scramble to put it together inside of cte it automatically generates for you it tracks everything that's happened what's happening now and in the future of your business as we can see what we've closed what's pending on our home page and our financial statement goes into detail on that so
when we look at our financial statement we are able to see i'm going to turn this back to basic we are able to see what have we closed each month listing buyer income lease income referral income where's our money coming from so it'll track all of that automatically it's going to generate when you enter in your contracts into my business that's all you have to do is enter them in it'll automatically funnel here and same with your cost of sales when you enter in your contracts it's asking you where did your money go did it
go to buyer's agents or who did you pay out did you pay any split to your office did you have a royalty fee referral fees you can see where your money's going right now four percent split to the office royalties listing agent buyer agent it'll track all of that automatically so you're able to see our gross profit in the month of january 60 000 our cost of sales it shows us was 63 percent and that was 38 000 we kept 21 000 that's our gross profits we're able to see that but what's extremely powerful obviously
we have each month in here is the ability to turn on advanced and see your future business so what does june look like we're in may there's not a lot i can do to effect may's numbers now because it's tough to get a closing within you know 20 days but what does june look like our total closings here's our pending cost of sales which is 60 and then our profit is looking at 47 000 so i'm able to see my gross profit into future months not only my gross income my gross cost of sales but
my gross profit for those future months so it's extremely powerful to be able to see that as well when you turn on the advanced feature then you can also come in here and put in your expenses on a monthly basis and you can choose any category we have some sample categories in here a drop down but you can also put in any category you want just type it in and then you enter in your monthly expenses tied to that category then you're able to see your total expenses each month it'll tell you what percentage of
your expense gci went to your expenses that month and then what percentage of your gci income did you actually keep that month so it'll show you monthly and then annually as well so you're able to truly see your business from top to bottom at an extremely high level
