How to Adjust Last Month Rent (LMR) from Tenant Deposit?
139 views 0 December 1, 2022 Updated on March 3, 2025 mippsupportadmin
1. First, In the Tenant Management dropdown menu, you’ll see a “Tenant” option. Go ahead and click on that

2. Now, locate the tenant whose details you’d like to adjust. Click on their name to open the Tenant Details page

3. Scroll down to the Finance section. Here, you’ll see the invoices associated with this tenant. Under the Payment Due tab, click on an Overdue Invoice to open its details

4. On the top of the right side click on more action dropdown. From the options, select Adjust Payment from Deposit. This allows you to use the tenant’s deposit to adjust the Last Month Rent (LMR)

5. You can either apply the full deposit amount or specify a partial amount. Enter the amount in the Amount to Apply box

6. Once you’ve entered the desired amount, click Record Payment to finalize the adjustment

7. You’ll see a successful pop-up appear at the top of the screen

8. You’ll immediately see the updated payment reflected under the Payment History section for future reference. That’s one way to adjust LMR. But wait, there’s another way!

9. If you prefer, you can also adjust a rental invoice using the tenant’s deposit through the Accounting section

10. Head to the Accounting dropdown and select Invoices

11. Locate an invoice with the status marked as Overdue. Click on the View Details icon to open it

12. Just like before, click the More Actions dropdown to reveal additional options

13. Select Adjust Payment from Deposit to apply the tenant’s deposit towards the invoice

14. Enter the desired amount in the Amount to Apply box and click Record Payment to confirm the adjustment
