OAS 100% MGMT FEE SUPPRESS NOT WORKING

The Owner Activity Statement has an option to suppress items that were paid 100% to the Management Company.

SOLUTION:

To use this feature you must run the Management Fee Calculation process to calculate your fees. 

The Payable created by the Mgmt Fee Process must then be paid in full.  (This process will not work if you create the Payable for your Management Check manually, via the Management Fee Calculation process.)

Here is what needs to happen before management fees are removed from the Owner Activity Stmt:

1)   The Owner Activity Statement date range must include Management Fee check created by the calculation process and ALL of the transactions that it was calculated on.

2)  The total amount of 100% receivables need to equal the total amount of the Mgmt. Fee EXPENSE RECOVERY line(s).

Reasons why they would not equal:

1) The Payable for the Mgmt. Fee check was adjusted.

2) One of the transactions that the Mgmt. Fee was calculated on was deleted.

3) The Date Range for the Owner Activity Stmt. does not include all of the 100% receivables or the Mgmt Fee Check.

If you have any questions please call, e-mail or fax our Technical Support group.