Income Payout creates the accounts payable entry to pay rental owners available funds from the operating bank account. Review the Income Payout report for the entry details and send it to owners with their payout.
From the Task page click on Income Payout
Select which properties you wish to make payments on behalf
Select a date for payment
Configure the report optionsbased on your needs. By default, these options may be pre-selected depending on your Financial Settings:
Omit Payables from Payout: If selected, outstanding accounts payable transactions won't reduce the payout, regardless of their due date.
Hold Prepaid Receivables: If selected, any outstanding accounts receivable credits will be deducted from the payout.
Hold Payables Outstanding as of the Posting Date: If selected, funds will be held to cover only those accounts payable that are outstanding as of the report date.
Click Create
Review and adjust the payout amount if desired
Click Post Income Payout to record an accounts payable transaction for payment.