Contributions in statements during a merge period

When a property is merged into a portfolio, any balance remaining against that property is also transferred into the portfolio.

This is shown on statements as Contributions with the description stating the direction of the transfer (e.g. Transfer to PFLIO-0001, indicating a transfer of money from the property to the portfolio). Each of these transfers will be shown in both the merging property and the merged portfolio statements as a “Transfer to” and a “Transfer from” respectively.

As an example, for our above scenario - 1 Kremlin St is the merging property being merged into the portfolio already containing 2 Smith St. If 1 Kremlin St had $651 as the remaining balance then the following contributions will be shown on the statements:

 

Final statement for 1 Kremlin St (PFLIO-0001)

Statement shows transfer of funds to the merged portfolio as contributions — this clears the balance of this statement:

1_Kremlin_01.png

 

First statement for merged portfolio (PFLIO-0002) 

Contributions showing the funds that were transferred from the original portfolio:

1_Kremlin_02.png

 

Future statements for merged portfolio (PFLIO-0002) 

Property has its own section on the merged statement, with new income showing as expected:

1_Kremlin_03.png

v.2022.12.16