Objective:
This guide will show you how to accurately transfer funds from one account to another
In this Article, You Will Learn How to:
Navigate to the Ledger section in PropertyStack.
Choose the appropriate account.
Transfer funds from one account to the other
Step 1: Access the Owner's Ledger
Log into your PropertyStack account.
From the sidebar, select "Trust" and then click on "Ledger" from the expanded menu.
Step 2: Initiate a ledger transfer
On the ledger page select "Transfer"
A new window or form should appear, where you can input the transfer details.
Step 3: Enter Transfer Details
In the charge detail form, enter the date, description, and amount of the charge.
Assign the appropriate code, if applicable, to categorize the charge (e.g., maintenance, cleaning, utilities).
Ensure that all details are accurate and reflect the reason for the charge, as this will be recorded in the owner's financial statements.
Attach any files or invoices.
Step 4: Confirm and Apply the Transfer
Review all details to ensure they are correct.
Click "Transfer"
The transfer should now appear on the ledger, changing the balance accordingly.
Conclusion
Adding a charge to an owner's account in PropertyStack is a straightforward process. Accurately recording each charge ensures that all financial transactions are transparent and accounted for, maintaining trust between the property management company and the property owners.