To access the 'Owner Statements', click on Settings (the gear icon), then select [System Settings], and scroll to find [Owner Statements].
This page will then appear:
Each Owner Statement settings has been outlined below:
Tax on Expenses for Owner Statement
|This refers to whether expenses to the owner is taxed.|
|Tax Code on Expenses|
Pertaining to the previous setting, if it is set to 'yes', then select the tax code to apply in the drop-down box.
Tax applies on merchant fee
|If tax applies on the merchant fee, select yes.|
Tax code on merchant fee
|Pertaining to the previous setting, if it is set to 'yes', then select the tax code to apply in the drop-down box.|
Tax code on management fee
|This refers to whether there is tax on the management fee.|
Depending on the settings done here, a generated owner statement will have the tax calculations added on before it gets sent to the owner.