Paper Check & Money Order Deposits


Paper Check & Money Order Deposits




Resident Payments 


Checks and money orders are entered into the residents ledger as we receive them. After a payment is entered the ledger balance is adjusted to reflect the payment however the we still need to mark the check or money order as Deposited in our system to charge management fees and pay the client.  


  1. Open Rent Manager 
  2. From the Header menu click Accounting 
  3. From the Sub menu click Deposits and the Standard Deposit tab will open. 
  4. From the Resident Column Header Uncheck the the checkbox 
  5. Select your Bank account and deposit date 

     - General liability for rents and other fees &  Security Deposit for deposits  (IMG A)

  1. Using your Deposit sheet (IMG B) determine which payments were deposited  
  2. Check the box to the left of each deposited payment 
  3. Review each checked payment and verify that the deposited amount matches with the Total Deposit 
  4. Click Deposit
  5. Cick YES to confirm the deposit 
  6. " Print"  the " Standard Deposit" form and save it as a PDF in the appropriate folder 


IMG A



IMG B







    


Owner Contributions 


Do not populate in the system once an owner contribution is received and entered it is assumed deposited. 




If the Deposit totals do match first verify that there are no owner contributions included in the deposit. If you determine that that the deposit is indeed off notify your manager immediately