Recurring Expenses Paid on Owners Behalf
A single UDC Owner Expense line should be setup for each expense that will be paid on the Owner’s behalf. This will show the expenses on the Owner Statement. If the expenses should not be shown on the Owner Statement, use “Don’t show on Owner Statement and send a separate invoice” process. Recurring Expenses UDC lines are optional.
Service type - Select “Owner Expenses”.
Vendor - Select the Vendor associated with the service.
Amount - This amount should be the monthly expense amount paid to the service Vendor. This amount can be changed on the Batch Posting process if adjustments need to be made.