Own It!
This type of owner payment is automatically calculated by the system (although it can be manually adjusted higher or lower).
What is the Pay Owners flow?
The Owner Statement (Enhanced) report only shows this key cash account activity.
What is Operating Cash?
These are the transaction fees for each of the three forms of payment for an Owner Contribution.
What is:
eCheck - "Free" (instantly rebated)
Credit Card - 3.49% of the contribution amount
Debit Card - $9.99 flat fee per transaction
Attachments are added to owner packets based on whether this date falls within the date range the owner packet is run or not.
What is the payment date?
This is the task that creates an fully manual owner payment.
What is Owner Draw?
The Owner Statement is not a true accounting report because of this
What is suppression?
This is one of the places in the database that a user can bulk update the Owner Portal Settings.
Where is an individual owner's page or People --> Owner's page or General Settings?
This is the type of report that can only be generated as part of an Owner Packet.
What are the (Consolidated) Reports?
Each owner page can be associated with this many bank accounts.
What is one (1)?
This is where you can find database-wide Owner Statement settings.
What is Manage Accounting Settings?
Owners can approve these from their portal.
What are Work Order Estimates?
In order to use the Transfer Owner Funds task to transfer funds between properties these two things must be the same.
What are the same owner and same operating bank account?
The Owner Payment Calculation pays out owners per these.
What is per property?
The Beginning Balance on an Owner Statement is calculated by subtracting this from Operating Cash.
What is the Prepayment balance?
These are what owners can view on their dashboard in the enhanced owner portal.
Name at least 3 for full points!
What are income, expenses, disbursements, contributions, occupancy percentage, and rent collected?
This report can also be used to troubleshoot the values that make up the Owner Payment calculation.
What is the Trust Account Balance report?
The Owner Payment Calculation is the Operating Cash Account balance minus these three amounts.
What are Prepayments, Undeposited Receipts, and Receipts in Future Dated Deposits?
These are the two classes of transactions on an Owner Statement (Enhanced) report. No, not income and expense.
What are Cash In and Cash Out?
This is the name of the contract between owners and property managers that outlines the terms of their arrangement.
What is a Property Management Agreement (PMA)?
This is the most common, non-suppression based reason why it appears that an owner was over or under paid.
What are transactions created or edited AFTER the owner payment was generated?
Ssuch as: backdated checks, reversed/NSFed receipts, and edited transaction dates