Dealing with Holding/Reservation fee (Non-Xero)

https://www.youtube.com/watch?v=ft0kQEoJ-gs This article is for users of Arthur only, if you are integrated to Xero please use the following article: How to Account for Holding Deposits (Xero Users)

Step 1

Go to Tenancies and choose the Tenant it concerns:

Step 2

Go into Statement and Add Transaction:

Step 3

Select Tenancy Receipt, call it 'Holding Deposit', or "Reservation fee" date it when the deposit was made and enter the amount. This will now sit on the statement as credit.

Step 4

You can then allocate this to a Rent charge/Direct Rent once the invoice has been raised

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