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Depositing Funds

Depositing checks and payments marked as Undeposited

Andy Goh avatar
Written by Andy Goh
Updated over 2 months ago

Payments for tenants or owners made manually or through multi-pay may initially appear under the Undeposited Funds account.

If you prefer collected checks to deposit automatically, please contact Property Matrix support to adjust this setting.

Creating a New Deposit

  1. Go to Accounting > Accounts.

  2. Click the three-dot icon at the top-right of the page and select New Deposit.

Completing the Deposit

Selecting the New Deposit option will open this window, where you will be able to select information needed to get the proper funds to the account you want.

  • Bank Account: Choose the desired bank account from the dropdown.

  • Show All Checks: Check this option to view all undeposited payments.

  • Select Payments: Mark the checkbox next to each payment you want to deposit.

Finalizing the Deposit

  • Click Save once you've selected all payments.

  • After saving, you have the option to print a deposit slip for your records.

  • A confirmation message will display, and the deposited funds will appear in the chosen account.

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