Simple Reallocation
Below is an example of a simple reallocation of charges from one owner to another using the Credits and Transfers function.
In this example Paul Market will receive be charged $1000 and Lloyd Kindred will receive a $1000 credit. The Transfer From owner will always owe more money after the reallocation, and the Transfer To owner will always owe less money (receive a credit). The reason for the reallocation (or transfer of horse charges) includes the horse name and indicates the period during which the original billing error occurred.
The next time owners statements are issued, both owners affected by the reallocation will be notified of the transfer of charges. If more than two owners were affected by the billing error, the credits and transfer function will need to be used more than once, and more owner adjustments recorded. Transfers and reallocations recorded by this method will display in Finance > Adjustments on the date specified.
This is a simple and fast method for reallocating charges where the amount of the reallocation has already been calculated and agreed, and the owners affected already understand the reason for the reallocation and do not dispute it. The affect of the transaction on owners statements will be a simple one line adjustment entry with a description.
