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home/Knowledge Base/Property Owner Related/Explanation of Owner Disbursement Report

Explanation of Owner Disbursement Report

11 views 0 December 5, 2022 Updated on December 7, 2022 mippsupportadmin

The owner disbursement report is a summary of every transaction that has involved cash paid out by the property manager or income earned by rental or non-rental means. In the end, the amount payable to the owner is the calculated from the balance of the report.

To access the owner report, we go to ‘Accounting’ and then ‘Owner Payout’ from the left navigation bar. After that, we click at “Disbursements Report” and find our property. Another way to go there would be to go directly from the ‘Reports’ section from the left navigation bar.

1) At the top of the report, the total revenue is calculated from the rental income, and total reimbursable revenue (non-rental income).
2) From this value, the management fee is deducted,(with tax) as well as the reimbursable expenses (which was spent by the property manager). These are called the disbursements. The management fee would have been decided from before, based on the slider which would decide the percentage of revenue being allocated for the property manager and the owner.
3) At the end of the report, the balance is calculated after deducting the disbursements from the total revenue. From the balance, the amount payable to the owner is determined. The year-to-date is also calculated alongside all the other calculations.

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