Ownership Disbursement Preferences

Once an ownership has been created you can set up the disbursement preferences for that ownership.

This ensures that when disbursements are actioned, they are accurate for each ownership's needs.

Disbursement Frequency

First, we must set the frequency that disbursements are to be completed.

This can be edited via the below steps:

1. Go to Ownerships from the main left-hand menu

2. Select your ownership

3. Go to DisbursementPreferences from the left-hand mini menu

4. Click on the pencil icon in the top right corner of Disbursement Frequency

Alfie allows two options for disbursement frequency:

• Disbursement by balance - disbursement will be completed when the balance for the ownership is above the specified value

• Disbursement by date - disbursement will be completed on the selected date and repeated in the selected time cycle.

Disbursement Method

Once you have set up the Disbursement Frequency you can set up the Ownerships Disbursement Preferences.

To set up the Disbursement Preferences you need to:

1. Click Add Disbursement Method

2. Enter the below details:

   • Owner - the owner from the ownership this method is for

   • Payment Method - Choose from the Owners' Payment Methods

   • Split - Select if this Disbursement will be by Percentage or Dollar Value

   • Amount - Enter the Percentage or Dollar Value this owner is to be disbursed

3. If you have multiple owners, Click Add Another Payment Method and repeat the above steps

4. Click Save

 

Withheld Funds

Under the Disbursement method, you will find you can enter any funds you would like to withhold during disbursement.

This could be for upcoming work for the Property or just an amount agreed upon within the Ownership.

To enter in a value click the pencil in the top right corner of the group and click Save once done.