When should I exclude LMR or security deposit from the ‘Rent & Disbursement Report?
For example, you got a new owner who already has collected LMR from the tenant. However, as you are going to manage his/her property, you need to record in the system that the tenant has given LMR. Now, when you log LMR or ‘Rent Deposit‘ and choose ‘Owner‘ as the deposit holder, the system thinks that you have collected the LMR or deposit and will give it to the owner. This will show up as an owner’s income in the report. But in reality, you did not receive that money.
To eliminate this issue, our system gives you the option to log the deposit in the system but ‘Exclude’ from the owner payout.