In a portfolio, every property must have an Owner Ledger set up. There are instances where Properties may need additional Ledgers related to the Property. 


More information on this here:  Hold Operating Expenses / Outgoings / OPEX


Create a new Owner Ledger for a Property

Open a property > go to the Ledgers tab > select New Owners Ledger button



Enter details for new Owner Ledger and select Save


Create a new Owner Ledger without a Property

Go to Trust Accounts > If there is more than one, select the desired Trust Account


Select Rental Ledger balance

Select New Owner Ledger


Enter New Owner Ledger details

NB: To link the new owner ledger to a property, open the Property > Ledgers > Add/Remove Owner Ledgers

  1. In Owner, enter the Owner Contact Name. If the owner contact has already been created, Re-Leased will search for and populate the existing Owner Contact.
    If the owner contact has not yet been created, enter the owner First Name and Last Name
  2. Enter the Ledger Title
  3. Set if the ledger can be disbursed to the Owner or if Owner Statements can be generated
  4. Select the Payment Method
  5. Enter the owner contact Bank Details
  6. Select the desired Account for Owner Disbursement account code
  7. In Expenditure Limit, enter the agreed owner expenditure limit, if applicable
  8. Select the desired Disbursement Profiles
  9. Select the desired Send Owner Statement option
  10. Choose the desired Owner Statement format