The Owners Statement provides detailed tracking of debits (expenses) and credits (accommodation income) due to the for each Owner Unit. This report is typically run at the end of a month or fiscal quarter to report bookings and corresponding financial transactions per unit.Each night of each booking is listed with the Nightly Rate in the column "Rate". If the booking is Active or Complete and Room Rent has been charged, the amount will appear in the column "Rent" with a corresponding commission due in the column "Credit". If the booking has not been charged any Room Rent yet, then the "Rent" and "Credit" column will remain at $0.It is important to note that if you are taking Group Bookings that include an owner owned unit or room, the transactions posted to the Group Master Folio will not automatically appear on the Owner's Statement. Only transactions (debits and credits) posted to primary folio of Individual bookings will display on this statement.There However, if you do have a Group Booking with all of the charges and payments posted to the Group Master Folio and, you need the transactions posted to the Owner's Statement, there are two options available to include the Room Rent transactions in . Please read more below for details on how to use each option. - Option 1: Transfer Payments from the Master Group Folio to Primary Folio in Individual Booking
- Option 2: Combine Group Booking Report with the Owner's Statement
NOTE: To automatically post charges to either the Group Master or Individual Folios in a Group, use the "Charge To" setting before adding the bookings to the Group.This setting is located in the Booking Data tab of the Group Booking and in the Group Booking Wizard. See Charge To - Group Bookings from Group Bookings that are posted on the Group Master Folio.
|