A unit was sold and the former owner still owes money.

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A unit was sold and the former owner still owes money.

We have a function to do it automatically.

•	Use Info >Unit Sale

•	Select the date at which the sale occurs

•	Choose the owner selling his unit

o	Type name of the new owner

o	The account number for the new owner will be generated

▪	You could change it but we recommend you let the system do the job for you

•	If there is a balance, Condo Manager will create a new receivable account for the Ex-owner

o	Within the series for receivables other than owners

•	It will transfer the amount due there

•	It will keep the appropriate information (presuming the new owner will be the occupant, otherwise your could change the address later on)

•	All accounting transactions will be done and all information for the receivables (new owner and ex-owner receivable accounts).

•	The only thing you will have to do after is to return into the new owner's profile and complete the information, like phone numbers, email addresses, etc.