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How to transfer a Registered Deposit to the Property Owner

Creating the Transaction

Step 1:

Go to the Tenancy > Tenant Deposit Statement > Add transaction.

Step 2:

Add the Registered Deposit charge and click save.

Receiving the Deposit

*If you are integrated with Xero or QuickBooks please reconcile the charge as usual with its associated bank statement line*

Step 1:

Pay off the Registered Deposit charge when it’s received.

 

Transfer to the Owner

*Ignore Step 1 and 2 if you already have this analysis code*

Step 1:

Go to Financials > Analysis Codes

 

Step 2:

Add analysis code > Name itRegistered deposit to Property Owner’> make it a Charge, Credit > Map to Tenant Deposit liability in Xero > Select Property Owner and PO Statement.

 

Step 3:

Got to Tenancies > Statements > PO Statement > Add Transaction

 

Step 4:

Select the Transaction type you just created and fill in the details > then save the transaction and the deposit will now show on the property owner statement.

This transaction will then appear on the property owner statement.

You can now remit this to the property owner. This is linked to how to pay the property owner

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