Issue an owner statement

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

1. Go to Owner Statements and select the unit and period.
2. Check the month’s payout invoice on the unit’s Invoices tab, and approve it: rent collected, less expenses and your fee, equals the payout. With Include drafts ticked, the unit’s draft invoices are folded in and marked; untick it to see exactly what the owner would receive.
3. Settle any draft dated in the period — approve it, delete it, or move an ad-hoc one to the next statement. The statement can’t be sent until you do.
4. 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.