Horse Interested parties

A non-financial interested party is someone who wants to receive communication or be involved with the horse but is not responsible for the financial requirements of the horse. A billable interested party will receive invoices for horse expenses

• If the contact is a non-financial interested party, select the + on the table, select the contact from the drop-down list, and add a role.
• If the contact will be billed for horse expenses, the billable interested party needs to be added with a share percentage. This is done by selecting Edit Billable %. A horse must be owned 100% at all times. If not all shares have been sold, then a holding account set up as a contact will need to be added to the system so shares can be sold and transactions reallocated from this contact to the actual billable owners.

Once billable owners have been set up, the percentages can be maintained via the option Edit Billable %

• The edit Billable % option allows the percentage share between the existing owners to be changed or a share to be added to a new billable contact.
• To add a new billable contact, first delete the contact that no longer will be billed. Search for the new billable contact and enter their billable percentage. Ensure that the total of all shares adds up to 100%. The new billable contacts will become active based on the selected Effective Date*. From this date onward, all new invoices will be split according to the ownership percentages of the updated billable contacts.
• * The first time you set up your billable contacts, no effective date is needed. 
• The relationships will be updated in the table. To view previous billable relationships, select Billing History.