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Pay Individual Owner - One Off Payment

Donna
Donna
  • Updated

Use this function to make a disbursement during the month to one or more owners

In Menu Search type Owner Accounting and select Pay Individual Owner 

  1. Select the owners you wish to pay out by ticking each box
  2. Click the Prime Amt to Pay button
  3. Click the Prime Amt to Pay Less Holds button
  4. Click the Pay Owner button 

Note: A suggestion here to check the number of selected records equal the number of owners you are paying.

Select Yes

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In Menu Search type Owner Accounting and choose Create EFT File 

Select Create EFT File

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An aba file will appear in the left hand corner

 

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Save the aba file and go to your bank and load the aba as a bulk payment.

 

Please Note: You can send an interim owner statement after an individual disbursement to inform the owner of the individual payment. This payment will however be included again on the end of month statement when the month is closed.

If an individual payment was made during the month and then another payment is made at the end of the month, these amounts will show separately on the end of month statement.