Property Security Deposit Refund
The original Payable to the Property MUST have the “Security Deposit to Property” account selected on the payable and it MUST include the Unit ID.
A refund of 1000.00 CAD is expected from the property. A refund of 750.00 CAD is received, along with a notice of “damages” charged in the amount of 250.00 CAD
The complete Security Deposit is not being refunded; a portion has covered damages incurred.
Debit 750.00 CAD Amount of deposit being returned
Debit 250.00 CAD Amount of Carpet Cleaning
Credit 1000.00 CAD Complete amount of Security Deposit to remove from the SD Report.
Select the Unit ID and Vendor for each line of the Security Deposit Refund Journal Entry.
If the Journal Entry was posted in a non-base currency, when printed it will include the base currency amounts along with the non-base currency amounts.
