Scheduled Payables |
Post Distribution Checks See also Check Writing Help PDF document #222 (Calculate and Print Distribution Checks)
The distribution check function processes checks to owners and properties whose balance exceeds their distribution reserve amount. Distribution checks can be posted for any segment of owners and properties using the criteria on the selection screen. See Owner Distribution Check Calculations to determine how the check amount is calculated.
When you compile, a list of distribution check candidates will appear on the screen, displaying the Due Date, Payer, Amount and a Skip checkbox. All of the fields are protected except for the amount and the Skip box.
The Edit box
Clicking anywhere on the line will allow you to edit the payment amount and will display details about the transaction. The details are protected fields.
If the payer is a property, there will be one line item displayed with the total amount. If the property profile contains a distribution check override, one check to that address will post. If the proceeds are to be distributed among the owners, the distribution will occur at the time of posting as a separate check written to each owner based on each owner’s share.
If you wish to skip a payment check the Skip box.
Other fields displayed include: Bank - the bank account on which to draw the check Balance - the current balance for the owner or property Reserve - the distribution reserve amount defined in the profile Available - the current balance less the Reserve Payables - the net amount of any payables Work Orders - the net amount of any work orders in the system Total Payable - the total of payables and work orders Schedule - the distribution schedule set in the profile Minimum - the minimum check amount defined in the profile Maximum - the maximum check amount defined in the profile Surplus - the computed surplus in the ledger. It is the balance minus the distribution reserve minus unpaid payables minus open work orders. |
above the vertical scroll bar will toggle the line items from view, to one line edit, to every line edit.