The float is applied as a transaction at the property or unit level depending on how you remit to your owner. This is linked to setting your property owner remittance preference
*Please note that we will introduce the float at the entity (property owner) level but for now it will need to be put against property or the unit.
Add a transaction to property or unit “Property owner float receipt” and is held on its own statement called the property owner float statement
Applying the float can be at:
1. At the point of remittance
When remitting to the owner you are given the option to deduct a float from the upcoming landlord remittance. This is either done
To begin this process. Go To Financial > Property Owner Remittance. This is linked to How to remit to property owners and also batch them up to print and remit
2. Directly to the float statement
Add a transaction for example of £200 for cleaning and add it as a disbursement charge against the float statement. This will leave the new float balance that can be used on remittance above
This will apply the charge to the float statement
Allocate it to the float
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