It can sometimes be necessary to transfer funds between the Variable Outgoings accounts and other accounts (usually the Lessors account).
|•||The Lessor is required to pay a portion of variable outgoings for vacant properties.|
|•||There are insufficient funds in the V/O account to pay urgent expenses.|
|•||The Lessor must be reimbursed for some expenses.|
|•||Using the Search or Navigate buttons, identify the Lessor. The Lessor & V/O Account balances are shown.|
|•||Select which way the funds are going. Click on the Credit radio button.|
|•||Enter some descriptive details.|
|•||Select the appropriate BOMA code.|
|•||Select the appropriate Trust Account Ledger (usually Lessor Funds).|
|•||Click on the Post button.|
Journals cannot be reversed. If an error has been made, then enter another identical journal with the same amount in negative.
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Trust Accounting & Property Management Software with Enterprise Electronic Document Management.