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When should I use the Reallocate Trans. button?

Written by Cameron Higgins

It is not uncommon to record ownership changes in Ardex after the ownership transfer has been settled. This can result in fees being incorrectly invoiced to a previous owner.

To correct this, use the Reallocate Trans. button in the Owners screen.

Use the Reallocate Trans. button to quickly;

  1. Allocate invoices to the correct (current) owner

  2. Provide the credit/s to the previous owner

Note: Charges against horses require that ownership in the horse validates to 100%

Example:

A horse above incurred two invoices in November 2018 - Agistment and a farrier visit. The following has also occurred;

  • November Statements have been issued to customers (note: removing and re-issuing statements is not an option)

  • The horse was part-sold (30%) to a new owner on the 11/11/2018

  • The new owner was not invoiced for these November activities

  • The incumbent owner will not pay the full amount due

The above scenario will result in a Reallocation, which will provide a credit Anthony Advark's current statement, and issue costs for the owner introduced during November.

The most common use of the Reallocation function is immediately after changing ownership of a horse, as it will redistribute historical invoices incurred.

For more information, consult the Ardex Premier User Guide - Reallocating Transactions in Ardex.

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