Occasionally a large expense occurs and the Owner will forward the money to your bank account to pay for it. To show the transaction correctly in Palace, you need to receipt the money into the Owner’s ledger.
Instructions:
- Go to Transactions (Left hand side menu)
- Click on the drop down arrow on the left hand side
- Click on "Receipt Owner" and click on green arrow
- Find the Property (As Palace is a Property based system, you have to receipt all monies against a property)
- Fill in the details, making sure you write comments on what it is for
- Click Save when finished and then click Process
Note: If this money was to pay an invoice, you might want to put the Owner on hold or at least on keep back to make sure you don't pay this money back out to the Owner again.
Related Links:
- Owner List
- Entering a New Owner in to Palace
- Setting Up Owner Bank Accounts
- Owner Details Screen Explained
- Options Available on a Right Click of the Owner
- Communication with an Owner
- Putting a Keep back on the Property
- Paying an Owner
- Owner Statement Messages
- Owner Year End Statements
- Entering an Owner Split Payment (Paying to more than one owner from a single Property)
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