Adjust Open Credits |
This function can be used to increase or decrease the tenant’s open credits. It essentially moves money between the owner or management group ledger and the tenant. Its primary use is to increase the tenant balance when a tenant is being credited for performing services that would normally have been done by a vendor. Refer to Tenant Deducts from Rent Payment. To post recurring adjustments, see Recurring Charge in the Tenant Profile. Date Use this date box to enter the posting date of the transaction. Unit or Tenant Use one of these fields to select the unit account you wish to adjust. If you select from the unit list, the appropriate tenant information will fill in the tenant box. If you select the tenant, the appropriate unit information will fill in the unit box. Increase, Decrease Tenant Credits Use the Amount Enter the dollar amount you wish to transfer to or from open credits. Mark the Transfer from Management checkbox if the money is being transferred from the management group. Account Enter the account code to use on the transfer. For example, if the tenant is being given rent credit for painting done, use the account code Painting. Do not use the account code for Open Credits. Memo You can enter a memo explaining the transfer if you choose. The memo is in the Owner General Ledger History and will print on the owner statement and tenant statement as a memo. Comment A freeform field for comments.
Protected Fields Starting Open Credits The amount of open credits before the adjustment. Amount Transferred The amount of adjustment being posted. Final Open Credits The final open credit balance after the adjustment is posted, calculated from the starting open credits and the amount transferred. Unpaid Charges The amount of unpaid charges left after the adjustment is posted. To use the open credits to pay off these charges, do a tenant receipt with the payment field blank. |
radio buttons to indicate whether to increase or decrease the open credits.