Analysis codes and how to add a custom one

In Arthur you have default transaction types such as Direct Rent and Rent Charge. However you can customise your transactions by adding in custom analysis codes. Analysis codes can be used to create new transaction type for example electricity charge. To create custom analysis codes:

Step 1: Analysis code:

Click on financials -> click on analysis code -> add analysis code:

Step 2: Different types of analysis codes:

Then click on add analysis code

Below are explanations on the type, debit/credit and the relationship between them:  

Charge – Debit (Invoice/Bill) [must always have an opposite type] 

Charge – Credit (Invoice/bill credit notes) [does not need an opposite type]

Receipt – Credit (Receipts/Payments) [does not need an opposite type]

Paid to/by: refers to who the transaction relates to. 

Statements: The transactions will be visible and will relate to the following: 

• Tenancy Statement - Tenant
• Tenant Deposit Statement - Tenant
• Property Owner Statement - Property Owner
• Contractor Statement - Contractor

Opposite type is the transaction added when the custom code you are adding gets 'paid off' This only needs to be added for Charge - Debit

Step 2: Using the custom analysis code:

In the example we created a electricity transaction. To use this we can either add this on as a one off transaction or create a recurring charge. For this example we have added a one off transaction. To do this go into the tenancy -> statement -> add transaction. Then we locate the custom code and add in the transaction.