Generating a Lot Owner Ledger in Strata Master

Summary

Lot Owner Ledgers detail the levies posted, fees charged, receipts and more on a Lot.  Learn how to generate a Lot owner ledger to examine the transactions processed on a specific Lot.

Overview

The main points to note about a lot ledger -

• A lot ledger is relevant to a Lot and continues through multiple owners, so this report is not issued to Lot Owners.
• This article will guide you through the most common method of accessing a quick ledger, which shows the last 2 years.
• A full owner ledger can be accessed through Formatted Reports.

Generating the Ledger

1. Click on the Corp icon in the icon toolbar, and enter the relevant Plan number.

2. Click on the Lots tab on the left hand side of the screen. This opens a lots list.

3. Double click on the required Lot. This opens the Lot card and shows various tabs.

4. Select the Levies tab

5. Locate and click the button on the right hand side of the Unpaid Debts list.

The Lot ledger then opens. This is a ledger covering the last 2 years and all owners through that period. 

Note: It is expected that, if an owner sells the Lot, at settlement the solicitor or conveyancer make payment of all funds required to pay any debts owing by that owner. Therefore the new Lot Owner will commence with a clean slate and only owe levies due after date of settlement. However, due to privacy requirements, ledgers are not issued to Lot Owners.

A Full Lot Ledger

A ledger generated through the Lot card will show transactions for 2 years.

When an owner has maintained ownership for longer than 2 years, and your agency has also maintained management for longer than 2 years, older transactions can be viewed through Formatted Reports.

There is a separate article that shows older transactions on a full ledger.