Intacct Real Estate
Intacct Real Estate
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Refunding and Applying Security Deposits

Refunding Security Deposits in Sage Intacct Real Estate

  1. Navigate to the Real Estate Module

    1. Applications – Real Estate – Real Estate – Real Estate

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  1. Navigate to the Deposit list screen

    1. Tasks – Deposits

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  1. Locate the Deposit to be Refunded in the List View

    1. Click Refund

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  1. Complete the required fields

    1. Bill Description

    2. Transaction Date

    3. Accounting Date (GL Date)

    4. Deposit Liability Account

      1. Use the Account tied to the Item used for the Security Deposit

    5. Refund Amount

    6. You are not required to refund an entire deposit at one time.

  2. Click Generate Bill

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  1. Navigate to Pay Bills in AP

    1. Applications – Accounts Payable – Pay Bills

  2. Pay the Bill that was created during Step 3

    1. Pay Bills – Sage Intacct Help Article

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Applying Security Deposits in Sage Intacct Real Estate

  1. Navigate to the Real Estate Module

    1. Applications – Real Estate – Real Estate – Real Estate

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  1. Navigate to the Deposit list screen

    1. Tasks – Deposits

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  1. Locate the Deposit to be Refunded in the List View

    1. Click Apply

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  1. Complete the Required Fields

    1. Adjustment Date

    2. Liability Account

      1. Use the Account tied to the Item used for the Security Deposit

    3. Amount

      1. You are not required to apply an entire deposit at one time

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  1. Add any New Charges

    1. Click New Charges

      1. Click Add new

      2. Complete required fields

        1. Item ID

        2. Transaction Date

        3. Accounting Date (GL Date)

        4. Charge Date

        5. Description

        6. Amount

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  1. Click Add new for any additional charges as needed

  2. Click Save

  3. Click Apply Deposit

    1. An AR Adjustment has been created on this Tenant’s account

  4. Apply the adjustment to the Tenant’s account

    1. Navigate to Receive Payments – New

      1. Applications – Accounts Receivable – Receive payments – new!

    2. Apply the credit to any applicable open invoices in Intacct

      1. Apply an AR credit to an invoice – Sage Intacct Help Article

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