It's important to configure the owner's accounting and tax settings in advance of month-end. This includes the following:
The owner's tax reference number or social security number.
The owner's account currency.
The name of the person or entity to whom checks should be made payable to the owner.
Having these settings configured correctly will ensure that the owner receives their payments correctly and on time.
Accounting and tax settings
To set these up, go to:
Owners & Listings > Owner Profiles
Click the ellipses icon to open the menu and select "View/Update Owner Profile"
Select the "Accounting and tax settings" panel and enter the following details:
Tax Ref / SSN: Enter the owner's tax reference ID or Social Security Number. This reference number will be used to populate certain tax and accounting reports.
Owner Account Currency: Select the currency that the owner will see on their owner statement. The financial figures will be recalculated accordingly.
Check Payable to: Enter the name of the person or entity to whom checks should be made payable to the owner.
