This article is used to Account for your Holding Deposits/Reservation fees as a Xero User.
Locate the Holding Deposit in your Xero bank feed
Go into your Xero, and locate the holding deposit paid by the tenant. From here, select ‘Find and Match’
Receive Money as an Over payment.
After you have selected ‘Find and Match’, select ‘New Transaction’ next to option 2 followed by ‘Receive Money’.
From here, select Over payment.
Assign to the relevant tenant
Fill out the highlighted fields;
Allocate to relevant charges.
The Over payment will now appear in the Arthur tenancy. You will now be able to allocate the credit to any invoices that generate. This is shown below
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