Stallion by Wilmat Cloud Tour - Ownership
Horse List
On selecting Files / Ownership the following screen is displayed. The screens lists current horses and their ownership percentage.
Select the required horse to display the ownership entries for the horse.
Transactions are allocated to owners by comparing the transaction date and the ownership date. When an ownership changes you would normally create a new ownership entry by selecting Copy Ownership. Once the new entry has been created add, remove or change ownership percentages as required. Changing an ownership will NOT change transaction allocations made in previous months, the change will only effect transactions for the current month (and later).
Copy Ownership: Click the Copy Ownership button to make a copy of the most recent ownership entry. Enter the date of the new ownership entry and click Create Ownership Entry.
New Ownership: Click New Ownership to make a new ownership entry rather than copy an existing ownership entry.
To amend an existing ownership entry click the ownership date.
Ownership Entry
The selected Ownership entry is displayed
Click Add Owner to add a new owner to the ownership entry or click an owner name to amend the ownership details of the selected owner.
IF the displayed ownership is able to be deleted, the program will display the Delete Ownership button. The ownership entry will not be able to be deleted if any of the owners has a balance for the horse and does not appear in any other ownership entries for the horse.
If adding a new owner, use the Search button to display a list of owners. Click the required owner to add that owner to the ownership.
Percentage: Enter the ownership percentage for the selected owner. The percentage may be entered using up to 4 decimal places.
Interest Only: Select Interest Only if the owner has an interest in the horse but will not receive an account for the horse charges. This would be used where the syndicate manager receives the account but the syndicate members are attached to the horse in order to receive horse updates.
Discount %: If the owner is to receive a discount on all or some of the charges for the horse, enter the discount percentage to be applied. The discount will apply to all charge codes where the Discount Applies checkbox is selected.
Management Fee $: If you are charging a management fee to the owner, enter the amount of the fee to be applied to this owner for this horse. Management fees may generally be used by horse syndicators.
Charge: If the horse is owned by the trainer, select charge no. This will automatically generate a 100% discount to any charges applied to the horse, regardless of the Apply Discount setting of the charge codes.
GST Registered: If the owner is registered for GST, select YES. This will cause the system to add GST to any prize money allocated to the horse. Where there are multiple owners of a horse, each owner can have a different GST status without affecting the status of other owners.
Click Add or Update to save the ownership entry.