Setting Up Direct Deposits

You can set up a new security deposit for your unsubsidized tenants at any time after adding the unsubsidized tenant to the program using the Setup Direct Deposit Wizard.

From the Main Menu screen, click TENANTS. The Browse Tenant Leases screen appears with all current leases displayed in a table.

Select how you want to order the tenant lease table from the ordered by drop-down list, enter the search criteria in the search for field and click GO. The first tenant lease to match the criteria is highlighted in the table.

Highlight the tenant lease record you want to work with and double-click, or click

. The Tenant Management screen opens with the Tenant Information tab selected.

Click

and select "Setup Direct Deposit" from the menu that appears. The Security Deposit Wizard is initiated.

Enter the security deposit amount and specify the effective date (when the deposit becomes effective).

If necessary, enter the number of payment plan periods allowed for payment of the security deposit.

Click START to continue.

Review and confirm the security deposit information you have set up and click FINISH to add the amount to the tenant's security deposit account. The Tenant Information tab appears again.

To view the account information, select the Account Summary or Account Details tab.

The amount due now on the security deposit account depends on how many plan periods were entered during setup. For example, if you entered "2" payment plan periods, the amount due now for a $200.00 security deposit would be $100.00.

Hint: You can also add a security deposit while adding an unsubsidized tenant in the Add Tenant Lease Wizard. See "Adding Unsubsidized Tenants"