While most transactions flow through end-of-month processes, you can add miscellaneous debits or credits directly to an owner account at any time. This flexibility ensures you can capture various financial activities without waiting for the next closing cycle.
For example, you might need to zero out an account balance before deleting a unit or adjust the starting balance to ensure accurate financial records.
Adding a credit or debit transaction
To add a new transaction to an Owner Account, go to:
Accounting
Owner Account
Select the correct unit from the Unit Chooser
Click the "Add+" icon
The "Add Transaction" window will appear. Specify the details of the transaction including:
Override the selected unit
Transaction Date - By default, the system will apply today's date but you are able to override the date of the transaction
Vendor
Transaction Type
Description to owner
Amount - to debit the owner, enter a negative (-) symbol before the amount
Payment Method to vendor if applicable
Click "Add Transaction"
Refer to this article on how to edit and delete owner transactions - https://ciirusone.screenstepslive.com/s/24800/a/1705926-how-to-edit-and-delete-owner-transactions