GeeDee for Windows

Journal Funds Lessor to V/O

Journal Funds Lessor to V/O

Previous topic Next topic No directory for this topic Expand/collapse all hidden text  

Journal Funds Lessor to V/O

Previous topic Next topic Topic directory requires JavaScript JavaScript is required for expanding text JavaScript is required for the print function Mail us feedback on this topic!  

 

It can sometimes be necessary to transfer funds between the Variable Outgoing account and the Lessor account.

 

Some reasons for this maybe:

 

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.

 

 

Journal funds from Lessor to the V/O

Example

 

This Lessor has a balance of $990.00 & the V/O account balance is $1954.55.

Journal Details select Credit to the V/O account

Journal amount here is $250 and will be taken from the Lessor balance and will increase the V/O account.

Select the appropriate BOMA code.

Select the appropriate Trust Account Ledger (usually Lessor Funds).

Click on the Post button.

 

Click to Expand

 

Journals cannot be reversed. If an error has been made, then enter another identical journal with the same amount in negative.

 

 

GeeDee Company Logo_Horizontal_MEDIUM
Phone: (08) 9364 6677  | Fax: (08) 9364 7433   | eMail: info@geedee.com.au   | Web: http://www.geedee.com.au/

© GeeDee for Windows Pty Ltd  1984 - 2018             All rights reserved.      Real Estate Software by Real Estate Professionals.

Trust Accounting & Property Management Software with Enterprise Electronic Document Management.