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Owner Payouts

This support article is under construction 👷

Please pardon the incompleteness while we work on this. We have made the article visible in the meantime because the content may be useful.

Issuing professional, timely Owner Statements that display revenue and expenses is an essential aspect of your property management business.

  • OwnerRez has no direct connection to the banking system, and is not able to actually move any money anywhere.  All OR can do is track and calculate what money needs to be paid to or by themselves or the property owners; users have to actually make the payment some other way, and then record that in OwnerRez.
  • Users with an active QuickBooks account (QuickBooks Online, not QuickBooks Desktop) connected to OwnerRez can follow the instructions in the Owner Payouts support article.

As part of generating your Owner Statement process, you should also record your payouts to owners from your "rents in trust" separate escrow bank account by navigating to PM > Statements & Payouts > Owner Payouts, and clicking on the + Record Payout button.Record your payouts to owners from your 

In the Type dropdown list, you can select from Bank Transfer, Cash, or Paper Check. Notice that the "Amount" and "Paying Now" amounts are the same amount as the total of the PM Statement.In the Type dropdown list, you can select from Bank Transfer, Cash, or Paper Check. Notice that the

Click Save, and then your Owner Payout will be listed on the Owner Payouts grid. You can export these Owner Payouts by clicking on the upper right Export button. Note that if you are using the QuickBooks integration, you can send your Owner Payout to QuickBooks by clicking on the Send to Quickbooks button on the upper right.

When saved, your Owner Payout will be listed on the Owner Payouts grid.