How to set up a Hold Amount for an Owner when using Owner Accounting in RMS.

Overview

A Hold Amount keeps part of an Owner's income back when Owners are paid at the end of the month. You can set a Hold Amount in two places: on the Owner's bank account, or on an Owner Contract.

Hold Amounts you set up on the Owner's banking details apply to income on all Owned Areas for this Owner Profile, unless an Owner Contract has its own Hold Payment amount.

Please Note! RMS is highly configurable. Some Terminology, User Access & Permissions, Images, Labels, and Functions used in these articles may differ from your setup. CLICK HERE to find out more.

Set a Hold Amount on the Owner's bank account

A Hold Amount on the Owner's bank account applies to the Owner's income from all of their Areas. In the side menu of RMS, go to Charts > Booking Chart.

1. Select the hyperlinked Area Description.

   

2. Select the Owner.

3. Select the Owner icon.

   

4. Navigate to the Banking tab.
5. Select the bank account.

6. Select the Edit icon (pencil).

   

7. In the Edit Bank Account window, under Pay Owner By, select the Hold Payment checkbox.
8. In Up To, enter the amount to hold from this Owner.

9. Select the Save/Exit icon.

   

Set a Hold Amount on an Owner Contract

A Hold Payment amount on an Owner Contract applies to that contract only, and overrides any Hold Amount on the Owner's bank account. In the side menu of RMS, go to Charts > Booking Chart.

1. Select the hyperlinked Area Description.
2. In the Owner of Area window, select the Owner.

3. Select the Contract icon.

   

4. In the Edit Contract window, enter the amount to hold in Hold Payment.

5. Select the Save/Exit icon.