GeeDee for Windows

Hold Lessor Funds

Hold Lessor Funds

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Hold Lessor Funds

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If Hold Lessor Balance is selected this will hold all remaining funds after Creditors & Management fees are allocated. These funds will be held in the Lessor ledger and will not be paid to the lessor at the End of Period. This is essential for Strata properties.

 

Note: If you do not want Creditor accounts paid you MUST put these on hold in Creditor/Accounts From Lessor Funds otherwise, the system will pay these accounts.

 

Amount To Hold- You can hold an amount of money so it does not get paid out at the end of period. You will able to view this in Held Funds selection in the Lessor Details Tab. Any amount in excess of this will be paid to the lessor.

Note: This amount will stay in this area until you remove or change manually.

 

 

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