Tool to Set Owners to Net Out

Owners to Net Out

Net Out = Expenses will be deducted from Revenue

Related Topic

If an owner needs to be changed from his current netout status in the Owner/Customer file, you can change how he is to be netted out by using this routine.

Select JIB - Tools for Statements - Owners to Net Out

Netout codes determines if expenses are deducted from revenue on the Operating Statement and the Revenue check. There are three ways to netout.

C= Combine all units together (subtract all expenses from all revenue).

E= Each unit can be netted separately (no combining of units).

N= No netout of any kind for the owner.

FILES THAT ARE UPDATED

Owner File: CUST.DBF - How owner is to be netted out for Operating Statements. Stores C, E or N in netout field in Customer/Owner file.

Division of Interest File: DOI.DBF - Netout code here is only checked if owner is E in Owner/Customer file, will scroll through all units of the owner existing in each unit and allow you to enter 'Y' or 'N' to net out that particular unit. If checked in DOI, expenses and any prior balance for that unit will be netted from revenue. If not checked, expenses and prior balance for that unit will not be netted from revenue for that unit.