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How to know when an Owner Draw has settled

owner draw, pending settlement

Kevin Campbell avatar
Written by Kevin Campbell
Updated over a year ago

Question

Is there any way to know if an owner draw has gone through? Can we see the date for when it cleared?Β 

Answer

When viewing a transaction that was processed through Forte on the transactions tab or accounts page, there will be a settlement status indicator at the end of the transaction description. Unsettled owner draws will show up as "Owner Draw [Pending Settlement]", while settled owner draws will show up as "Owner Draw [Settled 1/1/2010]" (date will change based on the actual settled date). Transactions that were not processed through Forte will not have this status indicator and will just appear as "Owner Draw".
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If an owner draw fails due to an error such as an incorrect account number, it will be deleted from the system and a notification email will be sent to the main company email that is configured on the settings page.

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