Bank Accounts

A receivables bank account is a bank account into which you deposit payments that you receive from customers. Tenant Accounts Receivable contains one record for each of your receivables bank accounts. After you set up your bank accounts, you will include them in the developmental account mapping for your customer account types. For each development that uses a particular account type, you will identify the bank account into which deposits for that account type are made for that development. You will also make deposits into receivables bank accounts.

You also have the ability to create a zero dollar pre-note of customer ACH information to submit to the bank to verify the validity of the ACH information before the “live” ACH file is sent. The customer pre-note process involves two main steps, generating and approving, both of which can be accomplished from the Bank Accounts area of the program.

Setting Up Bank Accounts

Generating & Approving ACH Prenotes for Customers