Menu - Accounting
Oct 25, 2023 05:21 AM
In Oownee Property Management software, the "quota" represents the percentage that each user has to pay for a common invoice. For example, if a common invoice for electricity in common areas amounts to $100, and the quota is set at 15%, then each user will need to pay $15 (which is 15% of $100) to cover their share of the invoice. This ensures a fair distribution of costs among different members of the property.
Set it to 0% if you want to separate the property and member fees entirely, so that members only pay the private bill.
In summary, the quota in Oownee Property Management is used to calculate each user's portion of common invoices and ensure an equitable distribution of expenses among the property's members.