A zero receipt links a positive amount with a negative amount, for example, a prepayment with a charge. The receipt nets to zero, so it is called a zero receipt.
There is no money received; the function of the receipt is to link two existing amounts. Some typical uses of zero receipts include:
Linking prepayments with charges manually.
Applying concessions and other credits to charges.
Applying a new deposit charge to a deposit credit when you transfer a tenant to another unit.
Note: Zero receipts are also known as "zero dollar receipts."
To create a zero receipt
If there is a credit charge, it will appear automatically when you create a receipt.
In the example shown above, there is a rent concession of -1250.00 and a rent charge of 1250.00. The net amount is zero.
Click Save to create a "zero receipt."
Note: Prepayments are applied automatically by default, so there is no need to create zero receipts for them. However, there is an option to apply prepayments manually.