Apply Deposit as a Tenant Credit

Easily document when funds have been moved from a security deposit bank account to cover tenant charges (e.g., rent or damages) during a tenancy or upon move-out.

Move Deposit to Tenant Ledger

The following steps walk through how to document funds that were moved from a tenant's security deposit to their ledger as a credit.

In your Rentec Direct account: 

1. Click on Tenants 
2. Click on the balance to enter the ledger, then click On Deposit
3. Under What would you like to do?, check Move Deposit to Tenant Ledger 
4. Enter the Date and the Amount of funds that were moved
5. Select the applicable income Category you wish to apply the funds to (e.g., for rent, damages...)

6. Select the From Bank Account  the deposit was being held in, and the To Bank Account it was deposited into

   Note: If the tenant was already moved out of the property, the transaction will not automatically post to the property ledger. Edit the transaction to specify which property the credit should be posted to. Click here for step-by-step instructions to Edit Transactions

7. Add a Memo as needed
8. Click on Save Changes