It's an Accrual World
This is where Accrual Accounting is enabled
AppFolio refers to this GL account as a pass through account.
What is Clearing?
For this type of security deposit, no cash transfers are created during the move out.
What is an Owner-Held Security Deposit?
This person can enable "Refund Security Deposit from Escrow".
What is a CCS/CSE?
This type of property is used to record security deposit interest.
What is an admin property?
Accrual Accounting recognizes income when it is this.
What is charged?
When a tenant overpays for rent, the non-cash GL on the Tenant Payable should be this GL account.
What is Clearing?
This has to be enabled on the property in order to process a tenant eCheck refund.
What is Online Payments for the property's online bank account?
This type of deposit is held in the Escrow Cash Key Account.
What is Management Held Security Deposit?
This is the GL account used to record the total interest accrued in the bank account on an Admin property.
What is the Interest INCOME GL?
True or False: A Property Manager should use the A/R and A/P GL accounts manually if they need to.
What is False?
You create these transactions when you need a physical check to transfer funds.
What is BCRD/BOPRD?
What non-cash GL account should be used?
DAILY DOUBLE: This is the recommended GL account to be charged in the move out flow if an owner refunds the deposit to the tenant directly.
What is Owner Contribution (or the owner refund GL of their choice)?
All liability account balances for a tenant will display here (on a tenant page or ledger).
What is the Deposit Paid section?
This is used to move and establish property cash transactions when transferring tenants between properties with a different bank account setup.
What is BCRD/BOPRD?
In Accrual Accounting, when a bill is created then Accounts Payable is this. (Debited or Credited)
What is Credited?
AppFolio creates this when transferring funds online in the Move Out flow.
What is a Bank Transfer?
These transactions are created in the move-out flow when a refund is due back to the tenant.
Additional security deposit types/GLs can be added here.
What is Manage Accounting Settings - Key Accounts?
These are the two ways to record property cash level interest on the renter's property.
What is a Journal Entry or Other Receipt (and deposit)?
What non-cash GL account is used?
What is Zero?
AppFolio creates this many transactions when transferring funds in a 2C1B setup.
What is one?
A customer should use this feature when they need to add additional charges or credits to a move out after the tenant has received their refund outside of AppFolio.
What is Adjust Move Out Charges?
What if the tenant hasn't received their refund in real life yet?
What transactions need to be created to refund part of a management-held deposit?
What is: Enter a charge to clearing, Enter a credit from deposit GL, and apply credits. Transfer funds between cash accounts (Or BCRD/BOPRD). Create and pay Tenant Payable
What transactions and non-cash GL accounts are used to establish security deposit interest on the tenant ledger?