Paying 3rd Parties During the Month

• In Menu Search type 3rd party and select Owner Accounting + 3rd Party Payments.
• If you would like to only pay 3rd party payments from the net amount available use the tick box Pay 3rd Parties on Nett Income (this means that any management fees owing to you will be held and not used to pay Owner invoices)
• To select all 3rd party payments click the top box (it will only pay out payments where there are sufficient funds) or select individual payments to be paid.  Just remember that you can only pay out 3rd party payments once per day because you cannot create more than one EFT file per day.  NB If there is insufficient income in the Owners Account, the 3rd Party charge cannot be paid and you will need to ensure you Hold Payment back from your Owners to build up funds.
• Click Tick
• Yes you are sure
• Enter Cheque No if prompted (this is for BPAY payments as you cannot pay out via BPAY) and also select "Email Statements".  You are able to recreate the statements at a later date by pressing the printer icon

Payments Issued Report

• In Menu search type Payments and choose Reports & Owner accounting and Payments Issued
• Select Build
• Build and save to end of month folder

This figure should equal the EFT file amount less any cheques.

Create Eft File

• In Menu Search type Create EFT and choose Owner Accounting and Create eft tile
• Select the payment date being the day you are finalizing and make sure the option to Include Self Balancing Item is ticked.
• Click on the Printer icon to print an EFT report.  This report should match the Payment Issued report less any cheques (BPAY payments) and save the file in the end of month folder.  Suggest you rename the file to EFT Report Creditors and the date of the disbursement
• Click the up arrow which when you hover your cursor over says Create eft file
• This will create an aba file and is shown in the bottom left hand corner of your screen.  If you click on the arrow and Show in folder you can then more the aba file to wherever you want.  If you can’t find it, then it should be in your downloads folder on your PC
• Log into your banking software and upload the aba file.