How to Reconcile or Bounce Cheques Payments in Leasing

In order to reconcile the payment you need to collect the payment as a cheque by following the steps:

Access the Unit:
Go to the property group, select the PM units list, and choose a unit by clicking on its name

Collect the Payment:

Choose the payment you want to collect, click on "Collect," and a pop-up screen will appear. Select "Cheque" as the receipt type, enter the date and cheque number, then click "Collect."

Reconcile the Payment:

• After collecting the payment, go to the property group home, select "Accounting," then "Cash and Cheque Movements" under the Reconciliation section. Here, you can view payments that need reconciliation.

• Click on the "Reconcile" option, and once the pop-up screen appears, complete the required information to move the payment from pending to actual movements.

Bounce the Cheque (if necessary):

• To bounce a cheque, click on the bouncing icon. In the pop-up screen, enter details such as the Net Amount, VAT, or Gross Amount for the bounce fee.

• After bouncing, you can track the bounced cheques and the bounce fee amounts within the lease.