How to Handle Deposits held in an Insured Scheme (Quickbooks Users)

Create the Registered Deposit Charge in Arthur

Step 1: 

On the tenancy, add a transaction with the transaction type Registered deposit charge. This will create the charge in the tenant deposit statement (filter statement). 

Select Save Transaction and conduct a synchronisation between Arthur and Quickbooks.

Step 2: 

Go into your Quickbooks’ ‘Banking’ page and match the bank line with the relevant deposit invoice posted by Arthur

Refunding Deposit

Step 1:

Carry out the closing tenancy as shown in the article

Now Sync to QuickBooks

Step 2:

In QuickBooks Go to ‘Banking’. You can then reconcile the tenant remittance transaction against the payments (refund) made to the tenant on QuickBooks (see below)