Setting up beneficiary and member accounts
- Close the ledger.
- Open the client details panel by selecting Clients.
- Go to the Ledger tab.
- Enter the number of beneficiaries/members.
- Go to the Other tab.
- Enter a number (starting from 1, not 01) and name (optional - percentage of income to be split).
- Go to the ledger.
- Go to the Postings tab, Transaction Journal Wizard, and then Setup Rental or Member Accounts.
- Select the member, and then OK.
note
- Repeat the steps based on the number of beneficiaries / members listed for the entity.
- If you have more than 9 beneficiaries / members, then you'll want to increase the account length to 5 or 6 by going to client details, and then the Ledger tab.
- If you cannot see the member's name on the member's statement in the financial report, then you'll need to follow the instructions above. Re-open the ledger if the software doesn't refresh.