This article is for Xero users only. If you do not use Xero, please see Accounting for Registered Deposits in Arthur.
On the tenancy, add a transaction with the transaction type Registered deposit charge. This will create the charge in the tenant deposit statement (filter statement).
Select Save Transaction and conduct a synchronisation between Arthur and Xero
Go into your Xero’s bank reconciliation page and reconcile the bank line with the relevant deposit invoice posted by Arthur
*Only Proceed to Step 3 & 4 if your deposits are held in a custodial scheme.*
Step 4: Transferring to the Custodial Scheme
Once you conduct a bank transfer to the custodial scheme (in real life), you will be met by a spent item in Xero.
From here, you would select Create and fill in the fields as follows;
With regards to returning the deposit follow either of these two guides;
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