Accounting - Owner Payments

Navigation: Accounting > Unit Accounting > Owner Ledger
Purpose: To Enter Owner Payments

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The Owner Payments section is used to record payments made by the owner to their Owner Ledger. These payments are separate from those processed through the posting of monthly charges and payments and can be entered manually. To enter an Owner Payment, navigate to Accounting > Unit Accounting > Owner Ledger.

Once there, you can locate the unit owner by using the navigation bar or by utilizing the search function.

Once you find the unit owner click on New Transaction > Payment to open the payment form.

Depending on how the Owner is paying would be what you select.

Credit is primarily used when applying a credit to the Owner Ledger (Accounts Receivable Opening Balance).

Depending on your selection, fill out the necessary information (Banking details are not required when entering the payment). You can then click Auto-Apply or manually select the charges.

Auto-Apply will automatically select charges in order from oldest to newest, prioritizing Lienable charges before Non-Lienable ones.

Once completed, click Save to store the payment, Save and New to continue entering additional payments, or Save and Report to generate a report after saving.