After configuring the general Trust Accounting settings, the next step is to configure the vendor and creditor bank account details. This will allow the property manager to pay vendors and owners via ACH payment. For example, the property manager can pay by ACH to payout cleaners, utility companies, maintenance vendors, owners, etc.
ACH Settings for Vendors
To pay vendors by ACH, the vendor's bank account details must be specified in CiiRUS. To enter the bank account details for the applicable vendors, go to:
- Quick Actions within the top menu (access anywhere from the system)
- Click 'View/Add Contact'
First ensure that the contact/vendor has been added and configured in the system.
To configure the ACH settings for the vendor, click on the "Settings" icon from the first column:
Click on "ACH Settings" and enter:
- Name of the vendors bank account (USA only)
- Account Number
- Routing Number
- Click "Save"
ACH Settings for Owners
In addition to paying out the vendors by ACH, the Property Manager can also pay owners by ACH if a payment is due to them. Just like with the vendors, the bank account details for the owner must be specified in CiiRUS.
To enter the owners bank account details, go to:
- Owners & Listings
- Owner Profiles
Click the "three-dot" icon next to the owner and select "View/Update" from the menu:
Next, click on the "Accounting and Tax Settings" tab to expand this section and select "ACH Settings."
Enter the following information:
- Name of the owners bank account (USA only)
- Account Number
- Routing Number
- Click "Save"
Comments
0 comments
Please sign in to leave a comment.