Quick and Accurate Owner Payments with Rentec Direct’s Owner Payment Wizard

# What the Owner Payment Wizard does

# How calculations are derived As you record transactions across tenant accounts, property ledgers, and bank ledgers, the Owner Payment Wizard updates owner balances automatically. The system:

• posts rental income to linked ledgers when tenant payments are entered,
• applies management fees according to your configured settings,
• records expenses and vendor payments against the appropriate property and bank ledgers,
• reserves owner-designated amounts automatically when configured.

The remaining balance after those entries becomes the disbursement amount the wizard shows when you prepare payments.

# Payment methods supported You can pay owners using several methods and still keep your accounting complete:

• ACH transfers (requires an active merchant account),

• Enter manual checks,
• Record external payments made outside the system so ledgers reflect the transaction.

ACH payouts can trigger an automated email to owners with portal access, improving communication about issued funds.

# How to process one or many owner disbursements Processing payments is a short sequence inside Rentec Direct: click Owners, select Pay All Owners, choose one, many, or all owners, confirm the populated Payment Type and Amount Due (change if needed), then click Pay Owners. The disbursement posts to the ledger automatically and appears to owners with portal access.

# Practical checklist before running payments Owner disbursements depend on recent accounting activity. Run this quick review before you click Pay Owners:

• Record all tenant payments received so rental income is complete.
• Post vendor payments and expenses that reduce owner balances.
• Confirm management fees and commissions are applied according to your settings.
• Verify owner reserve amounts so you don't over-disburse funds meant to remain on account.

A brief ledger review reduces corrections later and ensures the Owner Payment Wizard uses accurate input data.

# Recording off-system payments and transparency If you issue payments outside Rentec Direct, record them in the system so ledgers stay accurate. Payments processed through the software post automatically. Owners with portal access can see issued payments. Those receiving ACH payments automatically receive an email notification, helping keep owner communication clear and consistent.

# When to use the wizard Use the Owner Payment Wizard when you need to pay one owner or issue disbursements across a portfolio. It's useful for managers who want to avoid manual calculations and keep a single source of truth for owner accounting.

# Where to get help Rentec Direct offers US-based support during weekday hours and documentation linked in the Knowledge Base for related topics like Automated Management Fees and Online Payment Processing.