Trust accounting and owner payouts
Hold other people's money correctly: trust ledgers, trust reconciliation, management fees, owner distributions, statements and deposit settlements.
Advanced5 lessons26 minFor Accountants and managers of third-party portfolios
- 1Trust ledgers and balances
Designate trust accounts, post to the trust ledger, and watch per-property balances.
5 min - 2Reconciling the trust account
A trust reconciliation with outstanding items, posted only when it balances.
5 min - 3Management fees
Configure fees per property and post them with a fee run.
5 min - 4Owner distributions and statements
Pay owners with a pay run, then send statements that tie to the ledger.
7 min - 5Deposit settlements
Return or apply deposits after move-out, before the statutory deadline.
4 min