A Property Disbursement is a quick alternative way of paying a creditor without having to enter an account in the Creditor system. It is limited to paying only one property expense by cheque or DEFT. It can be useful for other items such as refunding rent etc.
As this item takes funds from the Lessor account, it is not suitable for commercial property expenses. Unless it is specifically required to draw funds from the Lessor and not the variable outgoings account, then use the Creditor system.
|•||Using the Search and Navigate keys, identify the property.|
|•||Using the Search and Navigate keys, identify the disbursement category for the expense.|
|•||Enter the details of the payment (will appear on the Lessor Statement).|
|•||Enter the amount of the payment. This must be less than the Lessor Balance, which appears alongside.|
|•||Enter the name of the receiver.|
|•||Enter the address.|
|•||Enter any details that need to appear on the cheque butt as a remittance advice.|
|•||Click on the Post button.|
The amount of the cheque cannot be greater than the Lessor Balance in which a provision is made for the cheque charge that may apply to the cheque that is about to be issued.
© GeeDee for Windows Pty Ltd 1984 - 2018 All rights reserved. Real Estate Software by Real Estate Professionals.
Trust Accounting & Property Management Software with Enterprise Electronic Document Management.