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Receipting Money

How to receipt money into a ledger

Elliot Palmer avatar
Written by Elliot Palmer
Updated over 5 months ago

Receipting money in Street

Money can be receipted into Street in two locations: on the Receipt and Reconcile page or manually on an individual ledger.

Receipting via Receipt and Reconcile

The first and suggested method of receipting money into Street is via the Receipt and Reconcile page. This involves you importing a bank statement containing the incoming transactions which you can then receipt onto the relevant ledger.

The reason this is the suggested method is because it will ensure the transactions you are receipting in have come directly from your bank via the bank import and removes the chance for human error. Additionally, receipting tenant money here will also allocate that money to the relevant charges (if you have auto allocation turned on), speeding the accounting workflow up.

For more information, see our Receipt and Reconcile help article.

Receipting manually on a ledger

The second method for receipting money is manually and this can be done on any of the individual ledgers. Had to the relevant ledger and click actions > add receipt.

From here you can enter the payment details including the reference and payment description. The reference is extremely important when it comes to reconciliation as the system will check the reference on your bank statement against the reference in Street to assist with reconciliation.

Additionally, depending on what ledger page you are on, you may see the option to allocate money to charges.

Note - You can only allocate on the following ledgers directly from the ledger: Lettings application, tenancy, contractor and agency.

With owner ledgers, it is not possible to allocate money to charges on the ledger, as this is all handled in Allocate Funds.

With a tenancy ledger for example, if there are any outstanding charges, you can allocate the money being receipted in to the charges instantly by entering the amount in the 'total allocating' box and ticking the 'allocate' toggle. You can also use any unallocated funds to allocate towards a charge on this page:

Note - If you just want to receipt money into the ledger without allocating to any charges, ensure you untick the 'allocate' toggle next to each charge.

You can also manually allocate money to a charge on a tenancy ledger by clicking the three dots on the right hand side next to the charge and clicking 'allocate to charge'. This will allow you to allocate any unallocated funds on the tenancy ledger to that charge.

With an owner ledger, once you've receipted money in, head to Allocate Funds to be able to allocate that money to the relevant charges.

For help on charges in Street, see our one off charges and recurring charges help articles.

Street is constantly being updated. This can mean that some of these articles become slightly out of date. If you spot something that looks a little bit different to your Street account, please let us know on the live chat so we can get it updated!

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