
How To Process a Tenant Refund
The steps below outline how to process a tenant refund when there is a credit balance. The refund could occur after a move out has been processed or the tenant may have a credit balance from overpaying rent.
Step 1: Enter Adjustment
NAVIGATION: ACTIVITIES menu > Adjustment Processing > Adjustment Entry
- Select the tenant using the Tenant Number or Last Name fields
- Tenant Number - enter the entire number and tab or enter a portion of the number and browse
- Last Name - enter the last name and select the tenant from the listed choices
- Enter or select a Transaction Date that is within your current accounting period (usually the current month, unless you have not closed)
- Enter or select your Refund to Tenant Transaction Code, usually 07-0 and tab.
- Tab to accept the Modified Description or enter one of your own choosing.
- Enter a Reference memo if applicable or leave blank and tab.
- The Due Date will auto-fill. This date may be changed.
- Enter the amount to be refunded in Transaction Amount and tab. This number should not be a negative number.
- Press Yes to save or press the Save icon if you did not tab
- Close the Adjustment Entry screen
- When this transaction is posted, a charge will be applied to the tenant's account and a refund voucher to the tenant will be created in Financial AP Entry if setup to interface in Tenant Accounting Settings.
Step 2: Review Adjustment Edit List
NAVIGATION: ACTIVITIES menu > Adjustment Processing > Adjustment Edit List
- Enter or select the Area
- Enter or select the Community
- Place the selecting "dot" in either Batch/Sequence or Tenant Number as a sort option.
- PREVIEW or PRINT the report
- If the Edit List is correct, proceed to Post Adjustment Entries
- If the Edit List is incorrect, go back to, Activities menu > Adjustment Processing > Adjustment Entry
- Select the Batch/Sequence Number that is incorrect (all un-posted entries will be displayed in the browser)
- Make adjustments to the entry and save
- Run the Edit List again.
- If correct, proceed to Posting.
- If still incorrect, go back to Adjustment Entry and fix.
Step 3: Post Adjustment Entries
NAVIGATION: ACTIVITIES menu > Adjustment Processing > Post Adjustments
- Enter or select the Area
- Enter or select the Community
- Press POST
- Print the Adjustment Register (recommended) and keep for your records
2/2022