Tenant Ledger
If money is receipted directly onto a Tenant ledger via the Receipt Tenant Money button and not manually allocated against a specific charge, or via Receipt tenants money on the Accounts dashboard widget, the money will be applied to outstanding items in the below order:
- Deposit demands
- Rent demands
- Agency invoices
- Supplier invoices
- Receipting monies via the Receipt Rents screen will allocate the funds against the specific rent demand
Landlord/Property ledger
If money is receipted directly onto the Landlord/Property ledger, the money will be applied to outstanding items in the below order:
- Agency invoices
- Supplier invoices
If you are regulated by the RICS and require Supplier invoices to take precedence over Agency, it is possible to change the order of priority. To do this:
- Click Admin on the main homebar
- In the dropdown menu, click Lettings Configuration
- In the Lettings Settings section, click Edit
- Scroll down to the Lettings Financial Settings section and tick Pay Suppliers Before Agency?
- Click Save