Accounting > A/P > Manage Owner Refund

 

Use this page to process a refund to an owner.


Owner refunds can be generated for any Account with an Open, unapplied Credit. 


Refund an Owner


Step 1. Navigate to Accounting > A/P > Manage Owner Refund


Step 2. Complete the Search fields to find the Account Credit or Credits to refund. 



Step 3. Check the box for the account or accounts you want to refund. 



Step 4.  Review or complete the fields below.


  • Contact - This will be the Payee on the check and defaults to the name on the Account, edit if necessary. 


  • Bank Account - Select the correct Bank from the drop down menu.


  • Trans Type - Select the correct Transaction Type from the dropdown menu.


NOTE- Trans Types will need to be set up prior to completing this process or the system will not allow for the refund to take place.


  • Check Date - This is the issue date that will appear on the check. 


  • Memo - Enter a Description to appear on the Owner Account


  • Amount -  Enter the Amount to be refunded. It will default to the full amount of an account Credit but can be edited a



Step 5. Select Process Refund from the Page Actions drop down menu. 



When the Refund is finalized it will become visible on the account ledger. 



Process a Check


When these steps have been completed, finalize the refund to the homeowner by generating a check using the Process Owner Check page. CLICK HERE for more information.