Each lettings application is given it's own ledger so you can easily track any transactions relating to the application, prior to being converted into a tenancy.

To access an application ledger, head to the Lettings Application page and click the Accounting tab.

As with any ledger you'll see the balance and the usual actions of adding charges, credit notes and issuing refunds.

If the ledger is empty and has no transactions on it, you'll also see the option to 'add opening balance'. This should only be used if they money you are adding is already in your bank account and has not been received since you started using Street to manage your client accounting, for example when migrating from your old CRM to Street.

Below you will see the list of ledger entries. Typically for a lettings application ledger this would be entries like the holding deposit, full deposit and first months rent.

When the tenancy is created from the application, the tenancy ledger will be created and the two ledgers become 'one'. The tenancy ledger will look identical to the applications ledger and moving forward, the tenancy ledger should be used.

If you're looking for help on the various other ledgers, please see the following help articles for Tenancy, Owner, Agency and Contractor ledgers.