The Finances section is your financial management hub in MyOps for tracking income, managing expenses, and monitoring profitability. It is organized into five specialized tabs, each covering a different part of your financial operations.
What's in this section
- My Finances Tab: Main dashboard with KPI cards, income and transaction trend charts, and a listings summary.
- My Listing Expenses Tab: Track costs tied to specific property listings (staging, photography, marketing, repairs).
- My Business Expenses Tab: Manage general overhead (rent, software, insurance, professional fees).
- My Agent Earnings Tab: View team performance, commission splits, and net earnings per agent.
- My P&L Tab: Visualize sales volume, expenses, and net profit over time against your targets.
Getting started
- Navigate to
Finances from the sidebar under My Systems.
- Review the dashboard in the My Finances tab for your overview.
- Add expenses with the Add an Expense button on either expense tab.
- Track team performance in the My Agent Earnings tab.
- Monitor profitability with the My P&L tab charts.
- Export data regularly for your accountant.
Tip: Check your dashboard weekly to monitor business health and stay on track with your financial goals.
Key concepts
- Gross vs. net commission: Gross is earned before splits; net is what remains after the broker cut.
- Pending commission: Future income from deals currently under contract.
- Conversion rate: Listings sold ÷ listings taken; aim for 30% or higher.
- List-to-sale ratio: How close final sale prices land to list prices; 96% or higher is excellent.
- Listing vs. business expenses: Listing expenses tie to a specific property; business expenses are general overhead. They live on separate tabs.
Common features
- Search: Most tabs include a search bar in the top right to filter data by keyword.
- Export: Use Export Options on the expense tabs to download data for accounting or tax prep.
- Time period filters: Adjust the data view with YTD, Monthly, and Weekly filters on charts and reports.
- Ask Maria: Use the AI assistant in the top navigation to ask questions about your financial data.
Best-practice highlights
- Record expenses immediately so you do not lose details.
- Review weekly to catch trends and issues early.
- Use consistent categories for cleaner reporting.
- Watch your conversion rate and aim for 30% or higher.
- Track lead sources to double down on what works.
- Monitor pending commission for better cash flow planning.
- Export monthly to share with your accountant.
- Set goals and use the % of target metrics to stay on track.
Need Help?
- Ask Maria: AI assistant in the top navigation.
- Search: Use the search bars to find specific transactions or expenses.
- Support: Contact the MyOps support team for technical assistance.
