Closing a tenancy and remitting final payments v2

Modified on Fri, 15 Mar at 4:34 PM

This article looks at

Creating a closing tenancy statement and remitting to one tenant on the tenancy
Creating a closing tenancy and then splitting a remittance among multiple tenants on a tenancy - coming to in September

Step 1 This is about transferring the deposit from the deposit account to the rent statement. Go to Tenancy > StatementAdd Transaction then chose analysis code "Deposit Transfer to Rent Account" This will move the deposit on to the tenancy statement.

Step 2 - Add deductions Be sure to add your deductions. Use "Sundry Charge"," disbursement" or create your own "analysis codes" for your deduction.

Step 3 - Close tenancy

Do this by clicking More > Close Tenancy which will open up the window below.

Be sure to select the bank account the tenant will be refunded from. If the deposit is refunded from the custodial scheme, you need to select your custodial deposit account.

2. Processing payments from the tenant payment screen

Before remitting payment Arthur will by default choose the main tenant to pay and display bank details. To add bank details please see where to add tenant bank details. To change the tenant being paid will require the main tenant to be changed. To do this go to the tenancy>tenant>edit tenant to the main tenant.