The Deposit scheme ledger is an additional feature that can be added if required by internal audit procedure.
If the balance on SME Professional does not match the balance held in the scheme, first use the running balance in this ledger to determine when the variance started. Then, identify what differs between the scheme balance and the balance in SME Professional. The balance in SME Professional can be manually adjusted to correct any differences.
To view the deposit scheme ledger
Go to Lettings properties > Other balances > Deposit balances.
Click on the Total deposit scheme balance link at the top of the page to access the Deposit scheme ledger for all properties.
The Deposit scheme ledger shows a running balance, sorted in date order. Compare this to the scheme balance at different dates to determine where the variance occurred.
Then, compare the crediting and debiting balances to identify the specific cause of the variance.
To correct the variance
On the Deposit balances page, locate the relevant property that has a discrepancy.
Select the figure in the Deposit scheme balance column.
Where transactions show in the Deposit scheme ledger but not in the actual deposit scheme, click the red X under the Ignore heading to remove this.
Where a transaction is missing, select Deposit Scheme in or Deposit Scheme out from the top right corner to add the relevant credit or debit.