Creating a Pre-Authorized Debit (PAD) Batch

Pre-authorized debits (PAD) allows you to record deposits against outstanding receivables for any residential rent, commercial rent and condo fees for tenants that have a payment method of PAD. This should be used for any tenants or owners that have funds automatically collected with a pre-authorized debit from the bank.

To add preferred payment method and PAD amount to tenant or owner information

1. Click on Tenant or Owner from the left menu bar

2. Search for the individual you need to update and click on their name

3. Click financials

4. Click on the edit icon next to the unit's financial obligation to enter the preferred payment method and the PAD amount. This information can also be recorded when entering a new lease.

To create the batch for all PAD deposits

1. From the Task page click on Pre-authorized debit 

2. Select which properties you wish to create the deposits for

3. Enter the posting date

4. Select if you want to record PAD deposit for Tenants or Owners

5. Click create

6. Review and adjust the amounts if needed. If there are no receivables outstanding for that resident a credit receivable will be created

7. Click Post Pre-authorized debit (PAD) to record the deposits collected against outstanding receivables