Revenue Offset Acct

Our Share: the account should match the same Account/Sub that the Rev/Bill Cycle used and is defined in the DOI maintenance.  

Investor Share:  For journal entries sent to an affiliate's books, use the Cash Clearing Acct or Inter company type account as needed.

Revenue  Clearing

Cash means the entries to income will be recorded using the check date for the G/L effective date.

Accrual means the entries to income will be recorded using the disbursed product's production month for the G/L effective date.        If Accrual is selected, enter in an account/Sub-Account clearing account for the accrual entries.

G/L Eff Date means the entries to income will be recorded using the effective date of the original entries.

Include Deleted Interest

Checked will include deleted interest entries.

Journal

Journal number to record the entry (should be a unique journal). Use an “Investor Rev Entries Journal” when creating entries for the internal company. Or you can use a Deposit journal when creating entries for an affiliate set of books.

Withholding Accounts

Special accounts for your (or the affiliate) share of US or State withholding. Defines what Prepaid Tax Account to offset to. Typically, an Asset Account.

Notes Receivable Options

 
Pct Return Options

Rarely Used - contact your Customer Success Team for setup

Define Account/Sub-Account if deducted from investor/owner. [Note: Receivable Options are defined on the owner master (Other tab), and the Pct Return Options are defined on the owner master (Fund Ded tab)]

Accounts Working/Royalty/Override

Set up the From Revenue Acct with all the Revenue Accounts that could be used in the cycle. However, if you add a new account later, these will need to be set up.

Set up the Investor/Owner Accounts for each Interest Type.

Tip: You only have to fill in what you will need to use. Example: No need to fill in the Override Interest column if your investor does not have any Override shares.