TRACK Tip Tuesday on Owner Statements
Owner statements should be generated for all owners on a weekly or monthly basis. Owner Statement Generation in TRACK is a multi step process. Before owner statements can be processed for a period, a few items must be completed in the system.
- All reservations to be paid out during that period must be checked in and ideally fully funded (i.e. paid in full).
- All maintenance work orders to be billed to the owners for a period should be billed (owner charges entered, vendor bills entered, etc.)
- All vendor bills (stand-alone) to be billed to owners for a period should be entered into the system.
- All one-time and recurring charges to be billed to owners for the period should be entered into the system.
We also offer a comprehensive video tutorial in TRACK U going over generating owner statements:
If you’d like to learn more about TRACK’s Trust Accounting Features and Accounting Tools, please schedule your demo here.