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How to handle deposit transfers using the Arthur Live Bank Feed

  1. Raise the Registered Deposit Charge in Arthur

Locate the relevant tenancy in Arthur, select ‘Add Transaction’ and populate the screen as follows. Within Amount Net, enter your deposit amount

  1. Reconcile the Registered Deposit Charge using the Arthur Bank Rec

To access the reconciliation page, select ‘Financials’ on the left tab, followed by ‘Bank Accounts’ and then locate your relevant bank and select ‘Start Reconciling’.

On the received item relating to the Deposit, locate the correct invoice and select ‘Match’

 

  1. When you locate the ‘Spent’ item, select ‘Assign To’

When you locate the Spent Item, relating to the Deposit Transfer, select ‘Assign To’, followed by ‘Liabilities’

Within…

  • Who: DPS – if you do not have a contact already for the DPS, select ‘Add New Payee’ – alternatively if operate within an Insured Scheme, within Payee Name, you will type your Company Name and select your entity
  • Description: [Tenant Name], [Unit Name]
  • Transaction Type: Deposit
  • VAT: No VAT

  1. Register Deposit to Tenancy

Locate the Tenancy and select ‘Register Deposit’ within the dropdown and fill in the appropriate information

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