Negative Statement
A ‘Negative Statement’ will be created when the rental income is insufficient to cover any expenditure.
To allow a ‘Negative Statement’ you have to make sure the settings are correct in the ‘Landlord Record’
- Double click on the 'Landlord' record that you wish to create a negative statement for. Make sure that the 'Zero Stat' box is un-ticked.
- Click 'Save and Exit'.
- Still in the 'Landlord' module, click on 'Statements' (bottom left).
- click 'New Statement'. This will open the 'Landlord Statements' window.
- In this window, select the Landlord by clicking on the little 'Address Book' icon which will open up the contact list of Landlords.
- Select the Landlord by clicking on the line once to highlight in blue, then click 'Select Contact'.
- This will then open the 'Landlord Statement Transactions', the transactions will all be pre-selected, if all looks correct, click 'Add to Statement'.
- When these are added to the statement because zero statement is not selected, the statement will be a minus figure.
- If all information looks correct click 'Update', it will ask 'Are you sure you want to update this statement into Sage'.
- Click 'Yes', it will then create a 'Statement Number'.
- Click 'Save and Exit'.
- When the Landlord pays, receipts by clicking on 'Landlord Receipt'.
For More Information Please See The Attached Document
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