During the end-of-month process, instruct the system when to apply rental income to the monthly owner statements in accordance with the agreements you have with your owners. You have various options for how rental income is allocated, including based on the arrival date, departure date, or even prorated according to the reservation dates. The different options are outlined below for your convenience and flexibility.
Firstly, what is a Disbursement Rule?
A Disbursement Rule entails the distribution or application of rental income to the owner's account using specific criteria, like arrival, departure, or reservation dates, and considering the PMC's earnings and any relevant vendor payments.
After the reservation meets the Disbursement Rule criteria, it will automatically trigger to the "End of Month Process > Disburse Owner Amounts" window. This allows you to review and batch process all rental income to the owners' accounts, eliminating the need for manual processing of each reservation.
Setting up Disbursement Rules
Global Settings
Settings Assistant
Owner Accounting Setup
Disbursement Rules
There are six Disbursement Rule options:
Arrival date has passed, regardless of payment amount received
Departure date has passed, regardless of payment amount received
Arrival date has passed and payments received >= Booking Total
Departure date has passed and payments received >= Booking Total
Pro-rate owner amount based on date period (If full payment received)
Pro-rate owner amount based on date period, regardless of payment received
Rather than specifying the Disbursement Rule for each reservation source individually, utilize the "Bulk Apply" tool to apply the same rule to all sources simultaneously. This will save time and effort, ensuring uniformity in the disbursement process across all reservations.
