GeeDee for Windows

Property Receipt

Property Receipt

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Property Receipt

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Property receipts are used when funds are received from a third party for an Lessor or a variable outgoings account. The most frequent use is to receipt funds from an insurance claim. In this case, payments to the creditor are made using the Creditor Accounts system so that the amount is debited from the Lessor's account. This receipt will then credit the Lessor's account.

 

Funds received from tenants or Lessors are not receipted using this program.

 

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When this program is used for commercial properties, the funds are receipted into the building's variable outgoings Trust Account and not the Lessor's account.

Instead of the residential dissection categories appearing, the commercial BOMA codes are used.

 

 

Using the Search or the Navigator buttons, find the property for the receipt.
The dissection categories (or BOMA Codes) will appear in the grid. Against the appropriate category(s) enter the amount and tab.
Enter the Drawers/Paid by Name.
Nominate whether the funds are receipted are cheque, cash or a direct credit.
If the funds have been received by cheque, enter the banks name and branch. These will appear in the daily banking.
Click on the OK button.

 

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Note: Management fees etc will be charged against a property receipt if rent only is not selected in property card.

If rent only is ticked no management fee will be calculated on property receipts.

 

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