The owners annual statements are based on accrual accounting and the figures are based on the date the money was released to the owner, not the date the money was paid to the owner.
For example a booking payment that was released 30th June 2020 will not appear on the 2020-2021 report as this was included in the 2019-2020 report.
If an owner compares this to what payments were made during the financial year, there may be a discrepancy. For example the July 2020 payment will contain payments from the previous financial year.
Accrual accounting is the correct method to use in these circumstances and the annual report correctly reflects the money earned during the financial year.
If you want to avoid any discrepancies, then the bookings and payments for the July disbursement will need to be released on the 1st July, rather than being released in the previous financial year.
The disbursement reports represent the breakdown of the money paid at that date, however, the money is technically attributed to the owner, once the property manager releases the funds, even if the funds take time to be physically transferred.
If you have any questions, please contact support@bookingtrust.com.au