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Rental deposit to vendor

HI,

   i have created contract along with rental object with following condition -

Basic rent   - every month

Service charges- every month

Deposit- one time

i have posted the accounting entry also.

now at end of the contract period, am receiving the deposit back with some deduction, now how to post this entry with reference to contract both deduction amount and balance deposit amount.

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2 Answers

  • May 24, 2016 at 10:01 PM

    Hi you are probably best of to create a separate condition type, e.g. "deposit refund" which is also a one-time condition type but with the exact oposite entires for flow type that you have configured for the "deposit - one time". This will create a reversal posting allowing to to refund the entire amount or part of it.

    Regards, Andre

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  • May 25, 2016 at 01:40 PM

    Thanks for the reply.

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