Add Generic Transaction

Add Generic Transaction page is made for allowing flexibility to create any type of transaction that is not allowed using Add Receipt and Add Payment options. This page is mainly used for doing edge cases or ledger fixes when they are needed. The main use case of this page is creating Journals from any ledger to any other ledger.

Journal – It is needed for the creation of internal transactions from one entity’s Ledger to another inside our Trust Account.

Journal transactions can be used for solving situations where there were wrong transactions created in the system by the user. In addition, it can potentially be used for fixing incorrect imported data from other systems.

For example, for some reason, if some of your landlords have management fees paid to the creditors, but the landlords themselves are not disbursed, you can create a journal transaction from management fee creditor back to the landlord to fix this data. Then, the correct management fee will be calculated in our system during disbursement.

Payment – It is needed for generating a single Payment transaction to the Bank. It shows the total calculated amount of money being sent out of our Trust Account as part of the disbursement. However, we should be able to calculate the transactions that are part of this disbursement to sum up matching this payment value.

Receipt – It is needed for the creation of various types of transactions from and to Landlord, Tenant, Sale, Property, and Miscellaneous variations. This section of Generic transactions is functionally the same as in Add Receipt page.

The major use case of our system of recording rents will not be done here. That needs to be done from Add Receipts page.