Property manager statement

The property manager statement shows your side of the trust books: your revenue, your expenses and what the trust account owes you. VRTrust builds it for every month and updates it with every posting. You cannot delete it. Review it after the owner statements are published.

Open Statements and the PM Statements tab. Each row is a month.

The summary

Balance start + Net income + Adjustments + Transfers = Balance end
Balance end + Assets and liabilities = Available balance

Field	Meaning
Balance start	The balance end of the month before. Zero in the first month.
Net income	Your revenue minus your expenses in the month
Adjustments	Equity expense accounts and due to or from trust entries that are not bank transfers
Transfers	Money moved between trust and you: bank transfers and payouts
Assets and liabilities	Your running balances not yet available as cash, such as processor reserves
Available balance	What you can pay yourself now

Example: a balance start of 3,489, net income of 7,000, adjustments of 300 and transfers of minus 4,000 give a balance end of 6,789. With assets and liabilities of minus 500, the available balance is 6,289.

In the first month, the statement also shows the trust surplus or deficit from your opening balances.

Views

The grouped view sums by account. Click an account to open the detail view with every journal line, filtered by date, listing, account, classification, type or subtype. Both views export as CSV.

Pay yourself

Pay the available balance. How depends on where your operating account is:

• Operating account not in VRTrust: create an expense on the PM Payouts account with Bill to set to manager, paid from the trust account. Match it to the trust bank record.
• Operating account in VRTrust: on Bank Reconciliation, add a bank transfer from the trust account to the operating account. Match both sides.