Advice and answers from the DoorLoop Team

Search results for:Security Deposits

View Information About Your Security Deposits Held on a Lease

Quickly see which leases have security deposits held and the amounts held… Method 1 - View all security deposits under Active Leases… Method 2 - View all security deposits under Inactive Leases

Transfer Security Deposits When You Are No Longer Managing a Property

What do you do with a security deposit and other deposits when you no longer manage a property?… Step 1 - Refund the lease deposits on each lease… Step 2 - Create a bank deposit for the refunded lease deposits

Record Security Deposit Interest Earned on a Lease

How do you account for interest earned when a security deposit is held in an interest-bearing account… Depending on what state you are in and your local regulations, security deposits may need to be kept… Deposit Account: Select the bank where security deposits are held Property: Choose the property

Introduction to Trust Accounting

Learn about holding deposits in trust if your state law requires it… Security Deposits… Security Deposits are considered to be tenant funds until or if the landlord/property owner becomes entitled

How to Record Owner Held Security Deposit

How to set up the accounting in DoorLoop to track lease deposits held by your property owners… If your property owners hold onto the tenant security (or other) deposits, you can still record these… Next, you add this bank account to the properties which will have owner-held security deposits

Reasons Why a Tenant's Lease Balance May Be Incorrect

Issues with Security Deposits usually stem from incorrectly categorizing a security deposit charge… Security Deposits, or any deposits in general are liability accounts… To fix missing security deposits, find the original security deposit charge and change the category to

Refund a Lease Deposit on an Active Lease

Recording a security deposit or other lease deposit refund to a tenant… Click on the Deposits tab where you will see a list of all available deposits, including the Security… If there is more than one lease deposit, you can refund multiple deposits, or put $0.00 in the deposits

Add a Security Deposit Held on a Lease

How to receive and record a security deposit that is being held on a lease… Before you can receive a Security Deposit payment, you'll need to first post a charge for the security… Step 1 - Post a Charge for the Security Deposit

Opening Balance Wizard - How to Set Your Opening Balances

At a minimum, you want to take into account all the security deposits first for each property… deposits for each property… deposits

Transfer a Security Deposit From an Old Lease to a New Lease

Learn how to record a tenant's security deposit on their new lease… If there are deposits, the next step would be to refund those deposits to the tenant… Step 3 - Receive the Deposit on the New Lease