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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.



Go to financials>property owner remittance and view the transactions


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

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