Receipt Owner Funds

How to Process an Owner Contribution Sundry Receipt

As a Trust Accountant user, navigate to Accounts Receivable → Receipts.

1. Property: Select the property receiving the funds.

2. Lease/Debtor: Select MISC Lease or Add an Owner Lease.

3. Direct Deposit Name: Enter the name of the person or entity that made the payment, as shown on the bank statement.

4. Receipt Date & At Bank Date: Enter the date the funds were received.

5. Amount: Enter the total amount received.

6. Click Add Credit / Sundry Receipt.

7. Account Code: Select the Balance Sheet account Owner's Contribution – Funds Received from Owner.

8. Tax: Leave as GST Free.

9. Tick Sundry Receipt.

10. Enter the amount, click Add, then select Process Receipt to complete the transaction.