After finishing the End of Month Process and finalizing the monthly statements, owner payouts are prepared for processing. There are two options for processing owner payments: either by check or via ACH. This article will focus on check payouts. Instructions are processing payouts via ACH can be found here:
https://ciirusone.screenstepslive.com/s/24800/a/1704585-producing-ach-file-for-vendor-and-owner-payouts
Where To Go
Accounting
Process Payouts
Process Owner Payments
Printing Owner Checks
Select Owner Balance by choosing to process either the Current Balance or the Last Finalized Balance. Notice the system automatically checks and pre-selects any owner where a payment is due
Ensure that the correct owners are selected and the Amount to Pay is populated with the right amounts. The Amount to Pay can be overridden by clicking into the field and updating the amount.
Click 'Print Check(s)' which will open a new tab laying out each owner check as a a separate page
After you have finished printing the checks, return to the CiiRUS window. You will then see a pop-up confirming the successful printing of checks. If they have been successfully printed, provide a statement date to apply to the owner accounts
