Owner Income Sundry
Setup a Sundry Charge as Owner Income in RMS.
An Owner Income Sundry is a Sundry Charge setup to pay income to the Owner at the end of month if used on an account.
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Information
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Setup
- Add Button
Information
An Owner Income Sundry is a Sundry Charge setup to pay income to the Owner at the end of month if used on an account.
Sundry Charges are incidental charges used for all charges and credits not covered by Receipts or Rates.
Enterprise customers can setup Sundry Charges for one, all or several properties.
Selecting 'Exclude Percentage Commission' indicates no Manager Commission is charged for this Sundry item and the full value will be paid to the owner as Owner Income.
An Owner Income Sundry cannot be changed to a regular Sundry Charge once saved.
Owner Income Sundry Charges are only available to Owner or Trust Accounting properties.
Users will require Security Profile access to use this feature.
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Setup
- Add Button
Setup
Have your System Administrator complete the following.
- Go to Setup > Accounting > Sundry in RMS.
- Select the
'Add' icon. - Enter a Description.
- Enter a Unit Price.
- Select a General Ledger Account Code.
- Select the Tax Type.
- Navigate to the 'Owner Accounting' tab.
- Select the checkbox 'Owner Income'.
- Optional: Select the checkbox 'Exclude Percentage Commission'.
- Save/Exit.
Selecting 'Exclude Percentage Commission' indicates no Manager Commission is charged for this Sundry item and the full value will be paid to the owner as Owner Income.
-
Guide
- Add Button
Guide
Go to Setup > Accounting > Sundry in RMS.
Select the 
'Add' icon.
Enter a Description.
Enter a Unit Price.
Select a General Ledger Account Code.
Select the Tax Type.
Navigate to the 'Owner Accounting' tab.
Select the checkbox 'Owner Income'.
Optional: Select the checkbox 'Exclude Percentage Commission'.
Select 'Save/Exit' to store the changes made and leave the setup.
This Owner Income Sundry can now be used on accounts in RMS including Periodic or Repeat Charges.
Setup
Have your System Administrator complete the following.
- Go to Setup > Accounting > Sundry in RMS.
- Select the 'Add' icon.
- Enter a Description.
- Enter a Unit Price.
- Select a General Ledger Account Code.
- Select the Tax Type.
- Navigate to the 'Owner Accounting' tab.
- Select the checkbox 'Owner Income'.
- Optional: Select the checkbox 'Exclude Percentage Commission'.
- Save/Exit.
Selecting 'Exclude Percentage Commission' indicates no Manager Commission is charged for this Sundry item and the full value will be paid to the owner as Owner Income.
-
Guide
- Add Button
Guide
Go to Setup > Accounting > Sundry in RMS.
Select the 'Add' icon.
Enter a Description.
Enter a Unit Price.
Select a General Ledger Account Code.
Select the Tax Type.
Navigate to the 'Owner Accounting' tab.
Select the checkbox 'Owner Income'.
Optional: Select the checkbox 'Exclude Percentage Commission'.
Select 'Save/Exit' to store the changes made and leave the setup.
This Owner Income Sundry can now be used on accounts in RMS including Periodic or Repeat Charges.