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Commercial with V/O in Residential

Commercial with V/O in Residential

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Commercial with V/O in Residential

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Another Option is using the Residential program for Commercial however holding V/O funds on behalf of Lessor

 

In this instance, treat the Lessor/property the same as any residential.

 

1.  Go to Trust A/C drop down menu and select new.

2. Make sure default TYPE CREDIT is selected and hit the TAB button.

3.  New A/C ID will auto select. (This will be your new Trust Account number and used in GeeDee System Setup).

4. Name A/C = Variable Outgoings for Property eg Applecross House V/O's

5.  Comments = Variable Outgoings for Applecross House

 

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System Setup

 

1. Include Disbursement Code in System Setup of codes for each and every V/O Account. (The building Entity).

2.  Ledger A/C is to be the same number as your newly created Trust Account Number. (Credit Account).

3. Link to Trust - Check Box Ticked

 

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Invoicing

 

1.  Can be done directly from Tenant Accounts. Append -> Invoice. (Same as for Residential).

2.  Rents can be include or excluded.

 

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Receipts

 

1. Tenant Receipts.  (Same as for Residential). These funds have now been credited to the Trust Account Ledger ID 110 "Applecross House V/O's"

 

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Payment

 

To release these funds you must to a Trust account payment

 

1. Trust A/C  - payment etc....

 

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