We recommend keeping a form of payment on file for each owner. Having the owner's payment details on file will make it easier for you to collect payments from them at month-end. If you need to charge the owner for anything, you can process the payment from their card on file. Alternatively, you can also use the CiiRUS accounting module to process ACH payments to your owners.
Add a credit card
To store a credit card on an owner record, follow these steps:
Owners & Listings > Owner Profiles
Click the ellipses icon to open the menu and select "Manage Payment Methods"
From the popup window, select the "Add+" icon to add a new credit card and then fill out the credit card details:
From the grid, you can set a card as the default card on file or edit the details if needed. The default card on file will be used for any payments that are processed through the CiiRUS accounting module.
Add bank account details (ACH)
You can enter the owner's bank account details so that you can process payments to them using a system-generated ACH file at the end of the month.
To do so, follow these simple steps:
Go to Owners & Listings > Owner Profiles
Click the ellipses icon to open the menu and select "View/Update Owner Profile"
Open the "Accounting and Tax Settings" panel
Select "ACH Settings."
This is where you'll enter the bank account details:
Please note that ACH files can only be generated for owners with a bank account in the United States. This is because ACH payments are processed through the Automated Clearing House, which is a U.S.-based system.