Creating an Income Payout

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.

1. From the Task page click on Income Payout

2. Select which properties you wish to make payments on behalf

3. Select a date for payment

4. Click Create

5. 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 

1. Click Post Income Payout to record for payment