How To: Process Owner/Investment Payments

What is the Process Owner/Investor Payments feature?

The primary purpose of the Process Owner/Investor Payments is to create a Bill that is payable to the assigned owner/investor of the property. The Process Owner/Investor Payment feature provides the necessary tools to make this a very straight forward process.

To access the Owner Payment Feature:

1.	Select the Late Fees option from the Income Menu.

Owner/Investor Payment Screen

Important Notes

1.	The Bank Balance column will display the current amount in the Bank Account for the property.

2.	The "projected" amount is based upon the current amount in the bank PLUS any anticipated receivables LESS any anticipated Bills to be Paid. (Use caution when using this column to determine how much you will pay the owner, since you are not guaranteed to receive the receivables from your clients)

3.	The Pay Amount column is what determines the amount of the bill to be paid to the owner.

4.	The Debit Owner Payment Account is the account displayed on the owner statement that indicates how much they have been paid. (Expense account)

If the column is Grayed Out and is not available, this usually means that the property does not have an owner assigned. You will need to edit the Property Information and assign an owner.

How to Process the Owner Payments:

1.	Select the owner(s) that you want to pay. Use the select all button, or click in the box within the Full Pay column ONLY if you want to pay the owner the entire amount displayed in the Bank Balance Column.

The Pay Amount column is the amount that will be paid to the owner. You may also type in the desired amount for each owner.

2.	Once you have entered the appropriate amounts to pay, click on the Process button. This will now generate the necessary bills for each owner and then the checks can be printed using the Pay Bills feature.