You can split the management fees in OTA+ and Owners report shows a single agreed amount.
Example: Decide on the Commission being paid say 10% from a total of 22% agreed commission with the owner:
- Create a Holding Account where you will collect the Commission.
- Make sure the properties this affects has a Property Specific Management if does not then link the Global to the properties affected,
- Reduce the Management so the combo of the Linked Management Fee and the Linked Commission Management Fee = 22%
- In this example we would link the existing Management Fee to the property (if it is not done so already)
- And change the Management Fee Percent to 12%
- DO NOT!!! Tick on 'Link to Management Fee' on the main Management Fee!!!
- Create the new Global Fee for the Commission
- Fee Name: 'Fred Bloggs Commission 8%
- Fee Type: Must be 'Property Linking Fee only' this protects you so it cannot be applied to anything else except a specific property!
- Fee Auto or Manual: Auto
- Fee Paid to: Property Manager
- Link to Management Fee': Must be ticked on !!!!
- Disbursement Action: Journal to the Holding Account created in Step #1
- DO NOT FORGET to link this fee only to the properties that you have agreed to give commission on those bookings.
The owners Report will show a management fee of 22% and 10% will be split off and auto journalled to the new Holding Account ready for payment of the commission at the end of the month!