Owner Statement
After posting the Owner Payment Payable the Owner’s statement of account should be printed from the application. Use the Account Research report. Select the Owner Liability account and select the first unit on the Owner Rents report. The Unit must be selected as this is how the liabilities are posted.
Based on the above report;
1. There were no balances prior to period 2013.09 as there was a Beginning Balance of zero
2. Invoice 43439 was posted which created the Owner Rent of 3000.00 and the Management Fee of 300.00
3. A plumbing repair was made in this period which reduced the Owners liability by 250.00
4. A payable was created to the owner for the balance in the Owner Liability account of 2450.00
5. The account has been balanced and reconciled. As of period 2013.10 the Beginning Balance will be 0.00.
This report should be mailed with the check for the disbursement details.
Process this report for each remaining Unit on the Owner Rents Report.