How to Receipt Monies Back from Bond Board in REST Professional

Overview

Once a tenant has vacated premises and the bond monies have been released from the Bond board, you may be required to receipt these bond monies back into REST Professional from the bond board.

The funds sent to you may be for the full or part of the bond amount and may be for reimbursement to the owner or agent for rent monies owing, cleaning, repairs, break lease fees or other outstanding invoices. 

This document will cover:

  • How to Receipt Bond Monies to Rent

  • How to Receipt Bond monies to Invoices

  • How Receipt Bond monies to Tenant Invoice Credit

How to Receipt Bond Monies to Rent

If the bond monies are to reimburse the owner for rent monies outstanding to the vacate date.

  1. Go to Transaction > Rent Receipts or click on the icon on the desktop

  2. Enter the alpha index of the tenant and press Enter

  3. Enter the rent amount payable to the vacate date

  4. Click OK-F12

  5. On the Banking Details screen enter the received from as the Bond Board and select appropriate payment method

  6. Click OK-F12

   

How to Receipt Bond Monies to Invoices

If the bond monies are to pay for outstanding water, cleaning, repairs etc. you will need to ensure you create an invoice first and then receipt the bond monies required to the tenant invoices outstanding.

 
  1. Go to Transactions > Rent Receipt or click on the icon on the desktop 

  2. Enter the alpha index of the tenant and press Enter

  3. Click on the Invoices tab and receipt to each invoice as required.If there are several invoices, click next after each invoice amount

  4. Click OK-F12

  5. On the Banking Details screen enter the received from as the Bond Board and select appropriate payment method

  6. Click OK-F12

How to Receipt Bond Monies to Tenant Invoice Credit

You may prefer to receipt all funds to Tenant Invoice Credit and then allocate to rent, invoices or tenant refund as required.

  1. Go to Transactions > Rent Receipt

  2. Enter the alpha index of the tenant and press Enter

  3. Click on the Invoice credit tab and enter a description and amount

  4. Click OK-F12

  1. On the Banking Details screen enter the received from as the Bond Board and select appropriate payment method

  2. Click OK-F12

  3. These funds can then be allocated to rent, invoices or tenant refund. Refer to the document “How to Receipt and Allocate Tenant Invoice Credit”

NOTE: These amounts can be entered in one receipt in an example where the bond refund is paying rent, outstanding invoices and a refund to the tenant.

02/02/2016 10:59 am AEDT

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