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Scenario; Ending a tenancy and deducting a cost from the tenant statement to be credited to the landlord account

Scenario

I am in the process of ending a tenancy and refunding the deposit. There is a £150 deduction that will come out of the deposit and go to the landlord.

Answer:

Step 1

Create the closing statement and deduct the £150.00. See closing a tenancy 

Step 2

This is linked to how to credit an account

  1. Add a transaction
  2. Transaction type is tenancy receipt
  3. Paid to/by=Owner

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