• Deposit types must be set up before you can assign them to properties or leases. See How do I create new deposit types in Property Management? for detailed instructions.
• Deposit types and other information that you set up for your properties prefill on new leases. Changes you make to the property setup after leases are activated do not affect current leases. If you need to add a new deposit type to an existing lease, see How do I set up a new deposit type on a lease in Property Management?

Follow the steps below to add deposit types to a property:

1. In Property Management, from the Setup menu, select Properties.
2. Select the appropriate property from the list and then click the Deposits tab.
3. In the first available row, in the Deposit Type column, select the deposit type from the list.
4. If you want the ability to refund the deposit, select the check box in the Refundable column.
5. If you are required to pay interest on tenant deposits, enter the appropriate information in the Interest Rate, Interest Basis, Compounding Frequency, Interest Payment Timing, Interest Expense/Clearing Account and Interest Liability Account columns.
6. Select the Deposit Revenue Account, Deposit Liability Account, and Deposit Bank Account.
7. Repeat these steps for additional deposit types you want to add and then click Close.