There are instances that you would want or the owner would request that they want to forward their payout as a credit to use for expenses etc. Here’s how you can do that inside the portal.
Follow the steps below to move forward the due amount to the Owner Credit:
- Go to Accounting > Owner Payout
- Click Owner Payout (Due) > from the Action column, click the drop-down arrow
- Click Forward Due Amount to Owner Credit
- Note: On the Rent and Disbursement report, you can see the amount that has been Forwarded to Owner Credit
- You need to remember that the first owner on the list will receive the credit when you forward it
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