This guide has been reviewed against our global client base and classed as relevant to APAC only
This page explains the process to use to transfer a deposit/bond to the bond authority
The Manage Deposit/Bond screen provides information regarding the details of the deposit/bond held and details of the authority holding the funds
1. Set the deposit Held By details From the tenancy, Financial & Renewals screen:
To continue to the next step, the deposit invoice needs to be raised and paid | |
2. Enter deposit details From the tenancy:
Only cleared funds can be transferred | |
3. Make payment to third party via ABA and Cheque Run
|
Electronic Bond Lodgement
If the bond is lodged electronically and debited from the trust account automatically, the payment should be processed as Manual
This will then create the debit entry on the bank reconciliation to reconcile against one the bond has been debited
Related articles