Owner annual statements use the date funds are released to the owner, rather than the date the owner is paid. BookingTrust describes this as an accrual basis.
For example, a booking payment released on 30 June 2020 belongs in the 2019–2020 annual report and does not appear in the 2020–2021 report.
An owner comparing the annual statement with payments received during the financial year may therefore see a difference. A July 2020 payment can include amounts from the previous financial year.
To avoid this difference for a July disbursement, release the relevant bookings and payments on 1 July, rather than in the previous financial year.
Disbursement reports show the breakdown of money paid on that date. The funds are attributed to the owner when the property manager releases them, even if the bank transfer takes place later.
For questions, contact support@bookingtrust.com.au.