Disbursements allow you to pay out your owners while also paying any outstanding invoices and funds owed by the owner or contact.
Your Disbursements will show as due based on the settings added to the ownership record. For more information check out - Ownership Disbursement Preferences
Process Disbursements
Disbursements can be accessed by selecting Financials > Disbursements in the main left-hand menu.
Here you will see all due and overdue ownerships in the first page but there are other tabs here for Contacts like suppliers and all Completed Disbursements.
Disbursements can be processed Individually or in Bulk depending on your preferences.
Process Disbursements Individually
To process Disbursements Individually:
- Go to Financials > Disbursements
- Click into the Disbursement you'd like to process
- Click Disburse Now
- Select Disburse Funds or click the drop-down and select Disburse and Create Withdrawal
Process Disbursements in Bulk
To process Disbursements in Bulk:
- Go to Financials > Disbursements
- Tick the disbursements you'd like to process
- Click Disburse Now
- Select Disburse Funds or click the drop-down and select Disburse and Create Withdrawal
When the Disbursement is processed and there are funds to pay to the owner a withdrawal record will be created for you to process.
To process your withdrawal you can follow the steps included here - Withdraw Funds