Property mgmt - transfer funds posting

Discussion in 'Property Tax and Accounting' started by mlbrooks, Dec 6, 2018 at 3:59 AM.

  1. mlbrooks

    mlbrooks New Member

    Good Day,

    Our property management company has taken over a condominium property. The opening trial balance has been posted with opening balances. I have received (2) cheques from the previous management co. that are the bank drafts/funds, one for operating bank account and one is for the reserve fund but I'm not sure what the proper procedure would be to post them. If anyone could shed some light on this, I would be grateful.
     
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