What bank account types and scopes does Kera use?
ForLandlordsProperty managers
Who can do this
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Where to find it
Settings → Accounting → Bank accounts.
Steps
- Account classification is one of Operating, Trust, Security Deposit Trust, Reserve, Credit Card or Clearing.
- Ownership scope is one of Property Management Firm, Owner Specific Trust or Portfolio Wide Trust.
What happens next
Kera uses the classification to keep trust money separate from operating money, to post rent and fees to the right account and to build the trust worksheet. Organizations holding owners' money should keep at least one Trust and one Operating account.
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