Security Deposits can be added to each tenancy where details can be stored about the security you hold on a tenancy.
1. Click Security Deposits on the left menu of the tenancy to view and manage the record.
2. Click + New Security Deposit to add a new deposit in for the required tenancy
3. Enter the Transaction Amount, Transaction Date, Transaction Type and optional Description.
If the transaction type is 'Deposit' the value of the Security Deposit or Bank Guarantee will increase.
4. Click Save
Click transaction date link for each line to edit or archive the entry. Archived entries cannot be restored.
Click Reports > Security Deposits, to access the Security Deposits report
The value of the Bank Guarantee or Security Deposit can be decreased by adding a Withdrawal in the same way as adding the Deposit. This will be included in the report.
Note: Adding a Security Deposit record does not create an invoice if the deposit is 'cash' or to be held an invoice is also required.
If you use Trust Accounting you should view the information about Bonds and Deposits if funds are to be received.
Xero users can raise a normal income invoice for the funds to be received.