In this guide, we will explore the steps necessary to configure the automation for Owner Statement Bills. This automation is important in order to successfully generate bills within your accounting system for each owner statement. Follow along as we guide you through the set up process.
Add the Owner Statement Bills Automation
From the Automations screen, click the Add Automation button.
Select Owner Statement Bills, then, in the next screen, Add automation.
You will be directed to the History tab of the automation. This screen will be blank as there is currently no historical data.
Configure Mappings
Select the Mappings tab.
Select Bill Account.
Map the default to the account set on the balance sheet for owner payouts.
Select Classes.
If you have already completed the owner statement automation, the classes will already be configured as the settings transfer over. Otherwise, match each listing to it's corresponding QBO class.
Select Locations and ensure the default is set to your Trust account in QBO.
Select Vendors.
If you have already completed the owner statement automations, the vendors will already be configured as the settings transfer over. Otherwise, use the drop down field next to each listing to connect your vendors to each listing. This is typically set based on the owner.
Update Settings
Click on the Settings tab.
Set the Enable Automation toggle to on.
Click Save.
Owner statement bills are generated when owner statements are moved into the Posted status. For more information about owner statements, check out our Owner Statements helpdesk section.