To manage ownership percentages for a horse, follow these steps:
- Navigate to the Horse Profile Page
Go to the horse's profile page in miStable.
- Add a New Owner
If adding a new owner, click the Add Owner button and enter the required information for the new owner.
- Edit Ownership Percentages
Click the Edit Ownership option to adjust ownership details. Here, you'll be prompted to choose an Adjustment Date, which determines when the new ownership percentages take effect. The billing for the horse will start from this date.
- Add Ownership Percentages
Enter the percentage for each owner in the +% box. The Balance box will automatically update to reflect the percentage of ownership for that individual. Ensure the combined ownership of all owners does not exceed 100%.
- Add Notes and Set Invoice Options
You can add notes next to each owner's name and percentage. If you want the owner to receive an invoice, toggle the Receive Invoice option to On.
- Adjust Percentages Between Owners
If an owner is selling their share, you can adjust the percentages by adding to one owner's percentage and subtracting from another. The system will show the total ownership balance as you do it.
- Save Your Changes
Once you're satisfied with the updates, click Save.
Note: If you need to backdate an ownership percentage, you must first click the History Tab and delete any entries after the date you want to backdate to. This will allow you to adjust the ownership percentages properly.
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