How to Process a One Off Owner Payment – Clearing Statements

Overview

A one off owner payment may be required outside of the usual clearing statement and payment process.

This document will cover:

This process will clear a statement as well as payout the owner.

Go to Reports > Owners > Clearing Statements and Payments and select your criteria:

Select By Uncleared Funds – It is recommended you use the Select by uncleared funds option to ensure that the funds you will be sending have been cleared
Select – Select the owner/s you wish to pay
Print Zero Balance Statements – Leave this unticked unless printing a zero balance statement
Print YTD totals – Tick if you wish to display the YTD totals on the owner statement
Print Comments – Tick to include global and individual comments if applicable
Send e-mail statements – Tick to send the statements via email if applicable

Click Print-F12
Follow the prompts on each of the message pop up screens to print the statements and cheques.
Once the process is complete ensure create your file for upload to bank if paying EFT. Go to Transactions > Create EFT File (ABA) for upload to the bank and click Print-F12

NOTE: Don’t forget to ensure you import your ABA file into your banking software