BEFORE YOU DISBURSE: As a best practice, it is recommended to to review owner statement activity before creating payments to owners. This will allow you to see all activity (rent collected, management fees billed, and remaining funds to be disbursed) for each property a property owner owns. To review an owner statement, navigate to the Owner Statement Report found within the Reporting section.
Within the Portfolios tab, navigate to the Entities section.
- If management fees have not been generated, first generate the management fees by selecting the appropriate entities, then clicking the Generate Management Fees link in the search bar.
Select the entities that need owner disbursements generated. Click the Prepare Disbursements button to create the disbursement amounts for each property.
Select the options and parameters for the disbursement, including:
- Activity Through - This will be the timeframe for which disbursements are generated.
- Disbursement Method - Select Zero Net Balance.
- Post Date - This is the post date of the disbursement invoices.
- Payables Batch Name - This is the name of the payables batch that all the owner disbursement invoices that are generated will reside in.
After clicking Submit, owner disbursement invoices for the selected entities will be generated in your Payables batch. Navigate to Accounting > Payables > Batches to review and disburse.