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Closing a tenancy

Step 1

This is about transferring the deposit from the deposit account to the rent statement.

Go to Tenancy Statement

Add Transaction then chose analysis code “Deposit Transfer to Rent Account” This will move the deposit on to the tenancy statement.

 

Step 2 – Add deductions

Be sure to add your deductions. Use “Sundry Charge”,” disbursement” or create your own “analysis codes” for your deduction.

 

Step 3 – Close tenancy

Do this by clicking More > Close Tenancy which will open up the window below.

Be sure to select the bank account the tenant will be refunded from. If the deposit is refunded from the custodial scheme, you need to select your custodial deposit account.

 

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