When paying out owners during the month, you will be given a choice of a Remittance or an Owner Statement, what is the difference
A Remittance: This is basically a payment slip, it tells the Owner, that they were paid out today and how much they were paid.
Owner statement: This is the full record of receipts, payments and expense transactions that came out and went in so far this month.
Please note: if you send an Owner statement out at Mid Month and then again at Month End, the same transactions will show plus the new transactions for the end of the month - They are not Clearing Statements.
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