There is a menu item for Owner Statements under the parent menu "Reports".

Select the type of statement. "Individual" is the correct selection for individual owner statements. Summary and IRS 1099 are only for internal use.

Three tabs for General, Display and PDF.

General:

Most important setting is how to recognize revenue. Most will only see an option for "Pro-rata" here. Pro-rata allows owners to get paid for all nights stayed dring the reporting period.

For older Lodgix customers, we previously offered an option for "at Check-out", which would only pay owners when the stay had completed. This created some issues for owners with stays >2 months, as they would not get paid out until the guest had checked out.

Display:

Allows the property manager to select which columns to display on the owner statement.

PDF:

Most important item here is an area where custom text can be added to all owner statements.

The Owner Statement is broken out by properties and sort by the arrival date for each property. Any taxes that are setup within Lodgix for each property will be broken out on the statement. Owner Blocks are also displayed on the statement.

Any fees that are setup within the property management module by the property manager to be assessed to the owner will be broken out and subtracted from gross rental revenue to arrive at a net rental revenue number.

The Owner Statement can be calculated off of Gross Rental Revenue or Net Rental Revenue. Gross Rental Revenue contains rents only, it does NOT include any fees or services which have been added to the guest invoice. This will allow a clean number to be generated. The setting for gross or net rental revenue is set within the settings for each property owner as defined within the Property Management Module.

Management commission percentages are displayed and the total commission generated is derived from either a % of gross rents or a % of net rents depending on what the property manager has setup for the property.

Net to owner is the amount remaining after rental commissions are subtracted from either gross or net rents.

When work orders or rental expenses are assigned to an owner with Lodgix, they will flow through to the owner statement and be broken out in their own respective sections of the owner statement.

The Statement Summary provides a brief overall summary to the property owner .