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Configuring the owner's minimum account balance
Configuring the owner's minimum account balance
Updated over 3 months ago

The minimum owner account balance represents the amount that owners must maintain in their owner account on a monthly basis to cover ongoing unit expenses.
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If you do not require a minimum owner account balance, simply disregard this setting.
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When the owner's balance falls below the minimum requirement, the system will prompt for an owner payment equal to the minimum requirement. On the other hand, if the owner's balance exceeds the minimum, the system will display the amount due to the owner.

  1. Global Settings

  2. Settings Assistant

  3. General Owner Accounting Settings

  4. Minimum Owner Account Balance

This setting is the system's default and, as a result, will be applied to all units. However, it can be overridden on a per unit basis through the Advanced Unit Setup option.

How to override minimum owner account balance

  1. Owners & Listings

  2. Listings

  3. Advanced Unit Setup

  4. Filters

  5. Check 'Financial'

  6. Apply

  7. Enable 'Override Minimum Account Balance'

  8. Input the amount in the text box

  9. Click save to apply the changes

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