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Overpayments - Moving funds from rent overpayment to rent

A Double entry can be added to the system to move a balance from the subcategory Rent overpayment to Rent.

This should be used only if there is a balance available in the Rent overpayment tab on the tenant's ledger.

  1. Navigate to Financials > Double entry

  2. Within the Money out section, please populate the fields as below:

    1. Category = The property

    2. Subcategory = Rent repayment

    3. Adjustment value = The balance to transfer

  3. Within the Money in section, please populate the fields as follows:

    1. Category = The property

    2. Subcategory = % Rent in

    3. Rent period = The rent invoice the payment pertains to

    4. Adjustment value = The balance to transfer

  4. Click Add Adjustment

This will create a debit and credit balancing payment showing the transfer of funds within the system.

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