This article is used to Account for your Holding Deposits/Reservation fees as a Xero User.
Go into your Xero, and locate the holding deposit paid by the tenant. From here, select ‘Find and Match’
After you have selected ‘Find and Match’, select ‘New Transaction’ next to option 2 followed by ‘Receive Money’.
From here, select Overpayment
Fill out the highlighted fields;
Once you have filled this in select “Reconcile” then synchronise the two systems
The Overpayment 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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