The Allocation Settings page gives you control over how Street automatically allocates funds on tenancy and owner ledgers. The Tenancy tab lets you configure whether charges on tenancy ledgers should be automatically allocated to, and in what priority order. The Owner tab gives you control over how owner allocations are suggested and processed.

To access these settings, head to Settings > Accounting > Allocation.

The first setting is whether you want Street to automatically allocate incoming funds to charges on tenancy ledgers.

If left disabled, money receipted via the receipt and reconcile stage will not allocate to any charges and all charges must be manually allocated to. There will be no other settings to set up here if this is disabled.

If toggled on, auto-allocation runs automatically each time a receipt is reconciled. Street will check for any outstanding charges on the tenancy ledger and allocate any unallocated funds to them, prioritised by the order you configure below.

Additionally, at 4am each morning the system will check for any charges on the the tenancy ledger and allocate any unallocated funds to those charges prioritised by the charge type which can be manually set.

When auto-allocation is enabled, an additional section appears where you can configure how Street decides which charges to allocate to first.

The first choice is your allocation method.

Below the allocation method, you'll see a list of the five charge types that can appear on a tenancy ledger: Agent Invoices, Contractor Invoices, Deposit Charges, Rent Charges, Owner Invoices.

You can drag and drop these into the order you want Street to prioritise. For example, if deposit charges should always be allocated to before rent, drag Deposit Charges to the top of the list.

The final tenancy setting controls whether upcoming charges should be allocated to as soon as a receipt is reconciled. If toggled on, Street will also allocate unallocated funds to any charges due within the next 7 days at the point of reconciliation. Charges outside of this window will need to be generated before they can be allocated to.

Additionally if toggled on, at 4am the system will also allocate any unallocated funds on a tenancy ledger to any upcoming charges that are due in the next 7 days and have generated.

When enabled, charges with future due dates will be pre-selected during the Allocate Funds stage, saving you from having to tick them manually. When disabled, future charges are left unchecked and must be selected by hand before allocating.

Similarly, when enabled, charges will be pre-selected during the Allocate Funds stage even when the available funds don't fully cover them, allowing a partial payment to be made. When disabled, an invoice will only be pre-selected when there are sufficient funds to pay it in full.