Receipts & Disbursements

 

Miscellaneous receipts and disbursements are where owner credits, debits, forward balances and referral fees are shown.  If an owner sends you money (makes a payment) you must credit the owner using the Credit Owner option from the Accounting Menu.  Normally this is done if the owner had a previous balance and sent in a check to pay for that balance.  Debits to the owner have the opposite effect of a credit.  A debit, using the Debit Owner option from the Accounting Menu, is used to increase the amount the owner owes you; for instance you undercharged for a work order and need to charge the additional amount.