Adding Landlord Payment (Bank) Details – iamproperty

Made by David Morgan with Scribe

This guide provides a straightforward approach to adding the bank details to a Landlord record so BACS can be used successfully.

Alert: Alert! To use BACS you need to know, the bank account information for a Landlord MUST be added, otherwise the BACS upload will fail. This is the same for Tenants and Contractors that you may pay by BACS.

Adding Payment Details to a Landlord Record.

1. Navigate to the Property Record.

2. Click "Payment"

3. From this screen, you can set a number of options.

Payment Due allows a date to be set that the landlord is paid each month, this is noted in perform payments and can be sorted before payments.

'Maintain Float' allows a float to be set and maintained at that level, automatically topped up from the property balance before payment is made to the Landlord.

'Fixed Payment' allows a fixed monthly payment to be made to the Landlord, this could be a fixed agreed monthly payment to guarantee a rent or an agreement to pay the Landlord a fixed sum and 'save' the remainder.

'Payment Note' is a note that will show when you 'Perform Payments' to act as a reminder.