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DAC7: How to record payouts, fees and taxes

To ensure accurate information is reflected in the downloadable DAC7 files, you must ensure that all payouts to the owner are correctly recorded

 

Your DAC7 report is generated using the payout information recorded in Owners → Payouts. Make sure your payouts, fees and VAT are complete and accurate before generating your DAC7 report.

 
You can find the payouts section under Owners > Payouts.

Screenshot 2025-06-27 at 11.12.02

 

Viewing and Adding Payouts in the DAC7 Report

Once you're on the payouts page, you can first view existing payouts by selecting the relevant category, unit, time period, and owner (if there is more than one owner for the property).

To add a new payment:

  • Click the "Add Payout" button on your screen.

    Complete the following fields:

  • Unit – The specific unit associated with the payout.

  • Processed Date – The date the payment was processed.

  • Description – A brief explanation or reference for the payout.

  • Owner – This will default automatically if there is only one owner.

  • Amount – The amount transferred to the owner.

  • Fees – Any applicable commission and booking fees.

  • Taxes (VAT) – VAT applied on your commission and/or booking fees.

    After completing all fields, make sure to click "Update" to save the payout information.


Screenshot 2025-06-27 at 11.14.54

 Hover over the icons on the right to edit ✏️, clone 📄, or delete 🗑️ a payout.

Screenshot 2025-06-27 at 11.18.44

 

Please note: After adding or changing payout information, allow up to 30 minutes for the data to update before generating a new DAC7 trial or correction report.

 

Further reading: How to generate a corrections report