Here are some of the features, improvements, and bug fixes we shipped in June.

Supplier discounts

Many agencies generate additional revenue by agreeing discounts with their regular preferred suppliers. When a supplier invoices the full cost upon completion of maintenance work, they agree that you, the agent, can pay them a reduced amount, generally in return for prompt payment terms or providing them with repeat business. If the contractor’s invoice to the landlord is for £100.00, for example, they may allow you a 10% discount. You collect the £100 from the landlord but only need to pay the supplier £90, enabling you to earn £10 revenue from the discount applied.

While this supplier discount feature has been around for some time, Elevate now highlights this “earned discount” revenue in the sales report, and new detailed reporting is available to provide a breakdown of where this discount revenue has been earned, filterable by date range and supplier.

Export invoices in Xero CSV format

Over the coming months we will be continuing work on integrations with the Xero and QuickBooks accounting packages as part of our Making Tax Digital project. In the meantime, however, we know you still need to be able to quickly and easily get key accounting data from Elevate into your business accounts package. We’ve introduced the ability to export charge invoices in Xero’s CSV format, ready for immediate import to Xero.

Management revenue report layout

The management or sales revenue report has been a feature of Elevate from the outset. Since it is a key report for agencies to be able to determine revenue earned from fees, we have evolved its layout to make it easier to read and understand. The latest updates during June improve the four sections – (1) revenue-generating fees, and now supplier discounts, (2) recharged expenses which are due for payment but don’t actually generate any sales income, (3) payments received to the various agency bank accounts, and (4) the amount of sales revenue which has been transferred or is awaiting transfer to the office or business account. The report has all the same data as before, with the addition of supplier discount revenue in section 1, and the layout of the bank account receipts and transfers is more compact.

Property listing summaries

The lists of properties managed in the lettings and sales modules achieve the same purpose, a quick at-a-glance view of all properties in the respective module. However, their format has differed slightly and these minor inconsistencies have irritated regular users of both modules. Now all properties have their full address shown, including postcode, and their main summary in terms of receptions and bedrooms (the key information you want to see each time you view listings) is shown in a handy abbreviated, more concise format. Instead of three separate columns for property types, number of receptions and number of bedrooms, these have been combined to a single descriptive “Semi-detached, 1R / 4B“. Other columns such as price (rental or sales) have also been modified slightly to improve appearance.

Portal branch IDs and names

For multi-branch agencies uploading to property portals it wasn’t always clear from Elevate’s reports which portal account related to which agency branch. Each portal now show the branch name and associated portal ID to make this clearer. Instead of “PropertyPal – 12345”, it now displays a more meaningful “PropertyPal – 12345 (Belfast)”.

Miscellaneous Fixes

Some agencies were experiencing intermittent problems with transferring revenue from client to office accounts. This was due to a rounding issue with the way computers deal with decimal figures, which is why it only happened from time to time. Elevate performs several checks before confirming the transfer of funds, and on occasions was finding in its own internal calculations that, e.g. 1000.00 was not equal to 1000.001, and was preventing the transfer.

For full details of all updates each month, check out the Release Notes section of the Elevate product helpdesk.