Have you ever had an owner come in to your office in the middle of the month and tell you the sad story that the electric service to their rental unit will be disconnected if they don't go pay the bill within the next hour? There is a simple solution in TCSReservations that won't create more billing nightmares!
You will have two options: Write that owner a check from their account (knowing you will probably write them another one, albeit smaller, at the end of the month), or put a charge on their account payable to the power company which will create a check ready to be written in Vendor Payables.
The purpose of that scenario (or use it as an analogy to apply to any situation) is to demonstrate how owner accounting in TCSReservations is designed to accommodate real-life situations whilst tracking every penny either due to or due from an owner in any given month. We call it 'to-the-penny-accounting' and you know it's good if TCSReservations can even generate 1099s for owners and vendors, along with Totals Reports to make tax filing easier.
(Psst: We believe in keeping 'escrow' monies totally separate from operating monies and want you to write yourself checks for commissions, reservation fees, etc. from a separate account for deposit into your operating account. This way has many benefits, including keeping tax auditors and revenuers out of your operating account. Some companies have even accidently paid income tax on their gross rental sales and not just their receivable income! TCSReservations will also pay your vendors where there is a direct charge to a guest or owner ~ like the bug man or the firewood lady.)