General Owner Account Settings

It is very important to configure the settings on this page, prior to processing transactions to the Owner Account. Configuring these settings accurately, will prevent any financial errors on the owner statements. Please keep in mind, these are global settings that will apply to all owners in the system.

Overview

To access this screen, go to:

  1. Global Settings > Software Settings Assistant
  2. Navigate to 'General Owner Account Settings' from the drop-down

Settings Overview

 1.    Minimum Owner Account Balance  -  The minimum owner account balance is the owner reserve amount. The  owner must maintain this amount on a monthly basis. If the owner is  below the minimum requirement, the system will require an owner payment  that amounts to the minimum requirement. If the owners balance is above  the minimum, the system will display an amount due to the owner. This can be overridden on a per owner basis, within Quick Property Setup.

2. Owner Statement Layout  -  The system provides two options for the owner statement layout:

Option #1: Classic- transactions will appear in chronological order.

Option #2: Grouped- transactions are grouped together based on type and category.

To preview the layout which can be changed at a later date, click "Preview."

3.   Owner Payment Link  -   Applies only when a valid Merchant Account is configured. This allows the owner to click the link to submit a payment using their credit card.

4.   Statement Header  -  Enter information to appear at the top of the owner statement such as company name, address, and phone number.

5.   Statement Footer  -  Enter information to appear at the bottom of the owner statement such as payment terms and information.

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