How to Record a Bulk Owner Receipt
Have you ever had funds come to you and it needed to be disbursed between multiple tenants? This article shows you step by step on how to do this!
Have you ever received a single payment that needs to be split across multiple portfolios?
Rentvine allows you to easily record these types of payments using Bulk Owner Receipts, then apply them to the correct portfolios.
This guide walks you through how to:
Record a bulk receipt
Distribute the foods to separate portfolios
Recording the Bulk Receipt
Navigate to the Accounting -> Money In -> and select the Bulk Receipts tab
From here, you will click the Actions button -> and select Record Bulk Owner Receipts
Here you will enter the Bulk Receipt Details
Received From (required)- Who you received these funds from
Total Amount (required) - The total amount received
Bank Account (required) - The bank account funds are being deposited into
Payment Type (required) - How the payment was made
Date Posted (required) - The date payment was received
Reference (required) - A reference to the payment
Description - Brief description of the payment
Equity Account - Equity account to post the owner receipt to
When you scroll down on this page, you will see a list of all eligible portfolios.
You can also select the lease and it will give you a dropdown of all the portfolios detail and the reserve details
Once selected, you can manually adjust the amount by typing directly into the amount field.
Once all portfolios have been selected, you can click Create.
This will automatically generate individual owner receipts for each selected portfolio based on your allocations.
After creation, you’ll be taken to a summary screen showing:
The bulk receipt details
All generated owner receipts
From this screen, you can:
Review each receipt
Deposit the funds directly
Clicking into any generated receipt will:
Open the individual owner receipt
Show full details of the transaction
Include a reference back to the original Bulk Receipt
