VRPlatform

Although VRPlatform <b><i>can</i></b> support payments made directly to owners, this process is not in line with our standard best practices (funds deposited directly into the trust account), and will create a small amount of additional work to account for it correctly.   There are basically 3 steps to support this:

Reviewing the deposit journal entries to populate the appropriate class

Invoicing the owner for the potential deficit balance at the end of the month   

1. Setup and configuration changes 
2. Reviewing the deposit journal entries to populate the appropriate class
3. Invoicing the owner for the potential deficit balance at the end of the month   

The information below covers each of these steps.   

Setup and Configurations and Deposit Journal Entry Review

This video covers the configuration changes required to support payments made directly to the owner.   

<a href="https://support.vrplatform.app/en/articles/8857217-how-do-i-bill-the-owner-for-a-negative-balance-owed-to-the-trust">How to Invoice an owner for a deficit balance</a>

This article covers the process for handling payouts directed to owners instead of your trust account

Payouts sent directly to owners - Overview

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