Account Types

Tenant Accounts Receivable contains one record for each of your agency-defined customer account types. You assign an account type to each customer account. Customer account types are also an important part of the setup for your agency’s developmental fund accounting.

Setting up your agency-defined customer account types is a mutli-step process:

Plan your customer account types.

Create a record for each account type. During creation of each type, you can identify an order in which to apply payments, various default formats for printed documents, and whether interest accrues to accounts.

Assign each account type to one or more developments that use that account type and set up the developmental account mapping for the receivables and revenue accounts for each type of transaction within that account type.

Assign each account to one or more transactions included in the account type. You must also assign the order in which to apply payments for past due and current amounts.

Identify the General Ledger income accounts per development for each transaction.

Designate if interest accrues to customer account types.