Income Payout creates the accounts payable entry to pay rental owners available funds from the operating bank account. Review the Income Payout report for the entry details and send it to owners with their payout.
From the Task page click on Income Payout
Select which properties you wish to make payments on behalf
Select a date for payment
Click Create
Review and adjust the payout amount if desired. The payout amount is calculated from
Available operating bank funds
Less outstanding accounts payable for the property (this can be omitted or limited to outstanding payables as of the posting date in Financial Settings)
Less any property reserve amount
Click Post Income Payout to record for payment
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article