A double entry can be used to transfer funds from Holding Funds to either Rent or Deposit within the system.
Navigate to Financials > Double entry
In the Money out section, please populate the fields as follows:
Category = The property
Subcategory = Holding funds out
Adjustment value = The amount to be transferred
Within the Money in section, please populate the fields as follows:
Category = The property
Subcategory = % Rent in or Deposit in
If Rent in is selected, choose the relevant Rent period
Adjustment value = The amount to be transferred
Click Add Adjustment
A matching debit and credit transaction will be created to record the transfer of funds between Holding Funds and Rent or Deposit within the system.