Domi Vera

Attach an owning entity

Record the trust or company that legally owns a unit, so documents are addressed correctly.

Before you start

Start: the owner’s record, Entities tab Result: a unit whose statements are addressed to the legal owner.

Do this when the title is held by a trust, company or close corporation rather than by the person you deal with. See owning entities for why it is kept separate.

Steps

  1. Open the owner and go to the Entities tab.
  2. Add the entity: its registered name, registration number and signatory.
  3. Assign the relevant units to it.
  4. Save.

Result

Statements and invoices for those units carry the entity’s registered name, and its books stay separate from the owner’s other holdings.

VAT is not rendered per entity. An entity may be VAT-registered while its owner is not, and Domi Vera does not currently show VAT differently because of it. Raise this before relying on a statement for a VAT return.

Related

  • Owning entitiesThe trust or company that legally owns a unit, as distinct from the person you deal with. One owner may hold property through several.
  • OwnersAn owner holds one or more units and receives what they earn, less costs. The owner view is a roll-up of the units beneath it.
  • UnitsThe unit is where the money is anchored — one owner, one set of books, its own invoices and statements.