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Whats is Quota %

Oct 25, 2023 05:21 AM


Quota % What is it ?

 

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.

 

https://oownee.com/blog/accounting-software/what-is-quota

 

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.