This is how to correct an overpayment to the landlord.

Scenario:
The correct amount owed to the landlord was £1000 however you skipped your commission and transferred £1200.


Solution:

To deduct the money you overpaid to the landlord and to ensure the bank reconciles 

follow the steps below:


  • Create a payout of the over-payment amount (eg£200) to the landlord.
  • Apply it to the property you overpaid from.
  • Ensure the date and account  matches the transaction in the bank.
  • Fill in the description  -eg. Skipped commission fee.

        Step by step instructions on creating a payout can be found in the following article.
        How to send funds to an owner without a statement
        

Once you have created a payout 
  •  Go to banking and find the outgoing £1200 transaction.
  •  Select batch payment from the drop-down.
  •  Select both the £1000 statement payment  and the payout of £200 from the existing drop-down. 
  •  Save to close it off in the bank as one big payment.
 
The following time you create a statement, SleekTech will automatically include the £200 payout and deduct it from the total amount owed to the landlord.