Setting up Unit Owner Revenue Items

Created by Alex Savchuk, Modified on Fri, Mar 15 at 7:05 PM by Alex Savchuk

The Unit Owner Items module gives you the ability to create Unit Owner Revenue and Expense calculation rules. After the completion of this setup, the system will automatically calculate the values as stated and print these on the Unit Owner Statements. To create an account, you would click on;

  1.  Accounts
  2.  Unit Owner Items
  3.  Click on New Item
  4.  Enter Item Name , example; Unit Owner Revenue @ 100%
  5.  Display Name (can be the same as the Item Name)
  6.  Description (can be the same as the Item Name)
  7.  Value (enter 100)
  8.  Check the Percent box
  9.  Check Owner Revenue radio button
  10.  Category (select “Unit Owner Revenue” from the drop-down screen)
  11.  Net of Expense (Optional) If you would like the revenue to be net of all expenses.
  12.  Rank (enter the number you would like to rank each item on the Owner Statement)
  13.  Group Individual Items (Optional) if you would like to group items according to categories
  14.  Include other Net Expenses (Optional) if you would like to add other relevant net expenses
  15.  Click on the Associate tab – Ledger Account Picker window will open
  16.  Select the relevant Ledger Account – in this case it would be “Room Charges”
  17.  Done (window will be closed)
  18.  Save or Done (at bottom of screen)

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