Income Payout Report

The Income Payout report is similar to the Property Statement of Account report, with added options to manage outstanding receivable credits and/or payables for a property or owner at the time of running the report. This report is valuable for reviewing before processing income payouts for owners, and can also be shared with owners to provide a clear breakdown of their property's payout.

Steps to Generate an Income Payout Report:

1. Navigate to Accounting using the left-hand menu.
2. Click on the Reports tab in the top menu.
3. Select the Income Payout report.
4. Choose the property and owner from the dropdown menus and select your date range.
5. Configure the report options based on your needs. By default, these options may be pre-selected depending on what is defined in your Financial Settings:
   • Omit Payables from Payout: If selected, outstanding accounts payable transactions won't reduce the payout, regardless of their due date.
   • Hold Prepaid Receivables: If selected, any outstanding accounts receivable credits will be deducted from the payout.
   • Hold Payables Outstanding as of the Posting Date: If selected, funds will be held to cover only those accounts payable that are outstanding as of the report date.
6. Click Open to generate the report.

The Income Payout report can also be added to report bundles, allowing you to generate it for multiple owners at once or include it with other reports in reporting packages.

For more information on income payouts, watch the video below or check out the Creating an Income Payout article.