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

Modified on Wed, 21 Feb 2024 at 11:00 AM

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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