[siddiquihabeeb]

Could you please suggest the best entry for making the collection of the property managed by us to the owner of the property will all the alternatives.

[morgaine300]

I assume you mean when you collect on rent? You would debit cash for the total, credit the amount that goes to the owner into a liability to them, and assuming you're getting a percentage, that part would credit into your revenue account.

When it's paid, you simply make the same entry as any other payment of a liability: debit the liability and credit cash.