Distribute Bond Funds
This function is similar to the normal Tenant Receipt screen. The receipt amount is drawn from the tenant's bond funds. It does not appear in the banking. It is not possible to distribute an amount greater than the bond amount currently being held. The funds are then transferred to the Lessor's account. It is useful when rent is to be paid from the bond. If this program is used to transfer funds for damages etc. (e.g. carpet cleaning), then the contractor will be paid out of the Lessor funds using the Creditor system or the Property Disbursement item which will give the Lessor true income and expense information.
Go to the Bonds drop down and select Distribute Bond Funds
When you click into the Total Received window a pop up will appear telling you the available bond funds to distribute.
Allocate the funds to rent and/or accounts as you would a normal Tenant Receipt
Clicking OK will assign the tenant bond to rent and accounts.
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