Issue an owner statement
Produce and send the per-unit statement that explains an owner payout.
Start: Owner Statements Result: a statement the owner can reconcile against their bank.
Owner statements are per unit, because that is where the books live.
Steps
- Go to Owner Statements and select the unit and period.
- Generate the draft and check it: rent collected, less expenses and your fee, equals the payout.
- Issue it.
What the owner sees
The income, the costs, the fee and the resulting payout for that unit. An owner with four units gets four statements plus a roll-up across them.
Check the expenses are attributed to the right unit before issuing. A cost on the wrong unit produces two wrong statements, and the owner reconciling against their bank will find it.
Related
- StatementsA running account over time — everything charged, everything paid, and the balance. An invoice is one entry on it.
- Expenses and disbursementsWhat reduces an owner's payout — costs incurred on their behalf, your fee, and the payment you make to them.
- Record an owner disbursementRecord the payment you have made to an owner, allocated across their units.