This task is used only when the entire deposit is going to be kept by the company. There will be NO opportunity to apply any portion of the deposit to outstanding A/R balances or refund it to the tenant. If you need to apply or refund the deposit DO NOT forfeit the deposit.
Do not use this option if deposit is to be applied against tenant charges. Use only if no refund is due to the tenant and they have no outstanding charges.
This step of the task will not be available to users who do not have access to the Forfeit Deposit task on the Household Detail > Accounting > Deposits tab. Access is maintained at System Administration > Define Access.
Effective Date: Enter the effective date of the forfeit event. The system will pre-fill this field with the current date, however you may select any date prior by entering the date or selecting it from the drop-down calendar.
Note: You may enter a note of explanation. This field is optional.
Check off the deposit(s) to forfeit.
Click Next.
An Overall Status window will pop up with a Passed or Failed message and display any GL entries that were created.
If it failed you may need to make a correction or contact Bostonpost Client Support at myMRI or contact a Client Support Analyst directly at (877) 579-8896 for assistance.
If it passed click Close.
You will be brought to the next tab in the wizard Prepare Deposits