A Third Party Charge is a type of Sundry Charge used in RMS to record fees payable to a third party on an account, specifically for properties utilising the Owner Accounting Module.
 

Overview

A Third Party Charge is a type of Sundry Charge used to record fees payable to a third party on an account within RMS.

• Each Third Party must be linked to a corresponding Third Party Charge.

• There are two types of Third Party Charges:

  • Manager Third Party Charge – Deducts from the Manager’s Income.

  • Guest Third Party Charge – Deducts from the Owner’s Income.

Third Party Charges can be applied in two locations:

• The Adhoc View of the Owner Account

• A Reservation Account

Configuration

In the side menu of RMS, go to Setup > Accounting > Sundry.

1. Select Add.
   
    
2. Enter a Description.
3. Choose a General Ledger Account Code.
4. Select the Tax Type.
   1. Refer to the invoice provided by the third party to determine the correct Tax Type.
   2. Select 'Full GST' for businesses that are GST-registered, and 'GST Free' for those that are not registered for GST.
5. Navigate to the Owner Accounting menu.
   
    
6. Enable the Select Third Party Guest checkbox.
7. Select the Third Party.
8. Click the option Pay Third Party from Owner Account/Reservation Account.
9. Select Save/Exit.