Expense Recovery Refund

Expense Recovery Refund

The Expense Recovery Refund function will enable a company to put some of the advertising ‘Expense Recovered’ money, that has been drawn out, back to the trust against a listing.

Note:  Money can only be returned to Trust if expenses recovery has been to the company.

  1. From the trust account menu select New Advertising Receipt
  1. Search and select the listing for the refund.
  1. From the Advertising Receipt form select  - Returning some of Expense Recovered
  1. Select Yes if you wish to return some of the expenses recovered to the Trust account for this listing.
  2. The Payer will be the Company.  Enter the date, any notes required and the amount to be returned to Trust.
  1. Save and close.
  2. Transfer the money from your General account back to the Trust account


    • Related Articles

    • Data Storage and Recovery

      Data Location: All active subscriber data is stored within the MultiArray Real Estate Manager Databases, which are hosted on the Microsoft Azure platform. Geographic Redundancy: To ensure data availability and fault tolerance, our databases are ...

    • Employee Reimbursement Payroll

      A new feature to allow reimbursement of employee expenses has been added to the payroll function. Click on the Staff Reimbursement Claim hyperlink to display the form Date entered defaults to today’s date Select the name of the employee claiming the ...

    • Change a Property’s Ownership

      The change of ownership guide will take you through step by step on how to change a property’s ownership.     Important Information: Combined database for sales and property management   It is important that when your sales division list a property ...

    • Creating a New Adhoc Payment

      This feature allows you to create adhoc payments to tenants and suppliers from different ledgers within the system.     Ledgers available for payment are as follows:   Management Agreement   Tenant Bond   Tenant Deposit      Management Agreement: ...

    • EOFY 2025 Checklist for Property Manager

      What is EOFY End of Financial Year in Australia is when all businesses are required by law to ‘rollover’ financial periods, which is for both your business & your landlords. This occurs on the 30th June for a new start of the year on the 1st July. ...