How to Reimburse your Agency for Expenses in REST Professional


You may be required to charge the owner for an expense that is payable to the agent. There are a number of ways this can be completed in REST; a journal can be created to move monies from the Owners property to the relevant internal owner account or alternatively, you can pay your agency by creating a creditor disbursement.

This document will cover:

  • How to create a creditor disbursement to Agent as Creditor

How to Create a Creditor Disbursement to Agent as Creditor

You will need to ensure you have a Creditor setup for your agency before processing the below steps:

  1. Go to Transactions > Creditor Disbursements

  1. Enter the required information:
  • Property – Enter the required property you need to pay the reimbursement from
  • Creditor – Enter the agency creditor you need to pay
  • Amount – Enter in the amount including GST
  • Description – Enter in your description i.e. “Reimburse agent for key cutting”
  • Account Code – Enter the relevant account code for the expense
  • Invoice Number – Enter a reference to the payment
  1. Click OK-F12. NOTE: The payment is now entered into REST ready to be paid with your next creditor run
  2. If you wish to then process the payment immediately:
  • Process the Outstanding Disbursement i.e. Transactions > Outstanding Disbursements > Process Outstanding Disbursements, select criteria and click Process and then Finish
  • Payout the Creditor i.e. Reports > Creditor > Remittance and Payment, select the Creditor, click Next and then click Process
  • Create the ABA File (if applicable) i.e. Transactions > Create file for upload to the Bank > EFT (ABA) Payments and click Print Upload the ABA file to your online banking software
02/02/2016 10:52 am AEDT

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