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Create Bond or Security Deposit Type

Paris Hutton avatar
Written by Paris Hutton
Updated over 2 years ago

When setting up your account it is best to create your Bond or Security Deposit Types ready to receive Bonds or Security deposits Deposits.

You can create these Security Deposit or Bond Types using the below steps

  1. Go to Settings

  2. Select Security Deposits

  3. Click Create Security Deposits

  4. Enter the Security Deposit details

    • Name of Bond or Security Deposit

    • Ownership Rate

    • How the Bond will be Held

      • By a Deposit Authority

      • Held in Trust

      • Disbursed to the ownership

  5. Enter in Bond Authority Details

    • Held By - If your required Holder is not available you can select Create New Contact

    • Initial lodgement default payment method - If your preferred payment method isn't available, you can select Add new payment method.

    • Top up lodgement default payments account

  6. Click Create

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