FAQ > Managing Property Owners

How do I record an Owner Draw or Owner Contribution?

When a property manager writes a check to the owner, it is recorded as ‘Owner Draw’ in SimplifyEm.com Property Management Software.

For example, let’s say you are sending the owner a check for $600.00 in June 2012. For your owner statement to be accurate, you need to enter an owner draw of $600.00 for June 2012 in SimplifyEm.com Property Management Software.

When a property manager receives a check from the owner, it is recorded as ‘Owner Contribution’ in SimplifyEm.com Property Management Software.

For example, let’s say you received a check for $1000.00 from the owner in June 2012. For your owner statement to be accurate, you need to enter an owner contribution of $1000.00 for June 2012 in SimplifyEm.com Property Management Software.

To record owner draw / owner contribution follow these steps:

1. Go to the ‘Owners’ page by clicking on the ‘Owners’ tab of the left of the page.

2. Hover over ‘Take Actions’ for the corresponding owner’s row and click the ‘Record Owner Draw’ / ‘Record Owner Contributions’ option from the dropdown list.

3. Enter the amount in the ‘Amount’ field and select the date (the default date is always the current day’s date).

4. Click the ‘Record Owner Draws’ / ‘Record Owner Contributions’ button.

You can see the owner draw / owner contribution transaction(s) recorded on the owner balance history page for the corresponding owner.