Contractor invoices can be put into Arthur;
Who is responsible for the payement
1. Adding the transaction
This can be added via add transaction within:
Add transaction then assign who is responsible for the payement
The transaction type that we will be adding is called a ‘Disbursement Charge (Recharge)’.
We will be adding it from within a Tenancy, as shown in the image below. (You can also add the transaction directly within the Unit or Property Statements), see How to Add Transactions for more info.
The difference between the Contractor amount and Property Owner amount is the mark-up. (In this example our mark-up is £50)
2. Locating Contractor transactions and how to pay them off
*Xero and QuickBooks users must pay their contractors in the respective accounting software.*
“Arthur only users” can pay off contractor transactions in 3 ways: on the contractor statement, the contractor remittance screen or on the unpaid invoices screen as shown below.
1. Go to Contacts > Contractors > *Click the eye of the contractor* > Statement:
2. Go to Financials > Contractor Remittance:
3. Go to Financials > Unpaid Invoices:
Step 3: How to deal with the related charge to Property Owner/Tenant
Disbursement charges to property owners will be deducted from remittances to the property owner. Disbursement charges to tenants will be reconciled with the amount paid by tenants.
This is an Arthur financial scenario where your Contractor has raised an invoice and you want to recharge an owner/tenant.
Step 1- Toggle Contractor Recharge Settings
Choose if you want Arthur to automatically recharge your Owner with the same amount or if you want to manually perform your recharge (this way you can input your mark-up).
If/when unticked you can then follow the steps below.
Go To Financials > Unpaid Invoices
Locate the invoice raised by the contractor (Note: This will be called “Charge from Contractor”)
Click the drop-down on the transaction then select “Recharge”. All invoices created via the app have transaction type Charge from contractor
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