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, 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 it 'Registered 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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