Check Stub > Company Maintenance > Owner % Account Maint

The Owner % Account Maintenance is only used to record income and expense on those properties that are NOT distributed by the revenue system. From the Company Maintenance Menu, select Owner % Account. These accounts would be for your share on any property where you selected "G/L" on the "Make entry to:" option on the Division Order Maintenance. You can change the account numbers by clicking on Chg.

When setting up the accounts for this screen, thinking about the end results (reporting) and working backward will be helpful. For example, would you need each fee broken out if you were to run a report? If yes, you must set up a separate account for each fee. If not, you can use the same account number in multiple fields. The one thing that will need to be broken out is the product and interest type.

Printing out a listing of your COA for this process may be helpful. Notice in the screenshot below that the different product types are grouped together, then broken out by interest type. When accounts are in a range like that, it makes reporting easier.

•The first column will be the Product code; this is one reason it’s helpful only to set up and “turn on” only the product codes you are receiving.

•Next are the different Interest Types. Technically, you only need to fill out the interest types you currently have. However, it may be helpful down the road to go ahead and fill out all fields. This way, if you add a type later, it’s already set up.

•The Description is the name of the Stub Line Item.

•Finally, what Account do you want that Product/Interest/Stub Line item to be booked to if you use it during entry?

•The Account Description will be helpful to make sure you have selected the correct code – especially if the product and interest type are part of the name.

Note: Make sure the Owner Int. Accts are attached to your Property (lease) Sub-Table (50).