Summary
Michael Audet introduced changes to the owner statement template, emphasizing the importance of reflecting accurate accounting information and the customizable nature of the statement. He also highlighted the importance of mapping general ledger accounts in QuickBooks and ensuring custom fees impact commission calculations correctly. Additionally, he discussed the purpose of a new dashboard feature aimed at identifying and addressing configuration issues proactively to prevent inaccuracies in transaction postings.
Key Points
Michael Audet introduces changes to the owner statement template, highlighting new fields like reservation status and booking channel.
8:54
Michael Audet emphasizes the importance of the owner statement reflecting accurately what is happening in the underlying accounting system.
11:19
Michael Audet explains the customizable nature of the owner statement, detailing the inclusion of different accounts linked to specific buckets for reconciliation purposes.
12:58
Michael Audet adds a management commission quality check formula to ensure accurate calculations, explaining its purpose and customization options.
16:28
Emphasis is placed on mapping every general ledger account in QuickBooks to ensure they are either assigned or excluded from the owner statement, prompting users to make decisions on how each account is treated.
28:36
Michael Audet highlights the importance of ensuring custom fees impact commission calculations correctly by setting them up to reduce commissions where necessary.
35:33
Michael Audet emphasizes the importance of accurately configuring the inclusion tab to ensure all relevant line items are factored into the commission payout, highlighting the significance of reconciling back to cash and providing insights into upcoming dashboard features.
41:46
Michael Audet discusses the purpose of the new dashboard feature aimed at identifying and addressing configuration issues proactively to prevent inaccuracies in transaction postings, emphasizing the importance of accurate configurations for financial reconciliation.
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