Pay owners

Owner payouts start on the published owner statement. Bank reconciliation only matches them afterwards.

Pay one owner

1. Go to Statements, open the owner statement and publish it.
2. Click Create Payment.
3. Choose a payment to or from the owner, enter the date and amount and create it.

The suggested amount is the owner’s available balance: the starting balance, plus net revenue, minus expenses, minus the owner reserve. You can change it. When a listing has several owners, VRTrust splits the payout by ownership.

Pay many owners

1. On Statements, select the owner statements.
2. Click Create Payments. Only published statements are included.
3. Set a payment date for all, change amounts where needed, and create the payments.

An owner with a negative balance, for example after an overpayment, gets a payment From Owner for the amount owed.

After you pay

Payouts appear on the Payouts tab of Statements, filtered by date, bank account, match status, listing or owner. From the menu of a payout you can edit its description, amount, date and bank account or open its journal entries. Select several payouts to change their date or delete them.

Then go to Bank Reconciliation and match each payout to its bank record. Use Find when one bank record covers several owners. The totals must match.

Do not use a bank transfer for owners

Create > Bank Transfer in bank reconciliation records a plain transfer with no link to the owner. It does not show on the owner statement, does not lower the owner’s balance and causes differences at month-end.

Pay from the operating account

When your operating account is in VRTrust, you can pay an owner from it. VRTrust adds a due to or from trust entry so both ledgers stay balanced.

Change a payout after publishing

Move the statement back to draft, change or recreate the payout, and publish again. See Owner statements.

Pay by ACH

With Ramp connected, pay from the Payouts section of the statement by ACH. See Ramp.