After you add a property, a message appears at the bottom of the screen: Next Step: Add Bank Accounts.
Click the Link to Existing Bank Account button. The screen displays fields for bank accounts.
Complete the screen:
Nickname | Select the bank account. |
Account Number (read only) | After you select an account, Breeze displays the account number. |
Cash Account | Select the cash account. Typically, you will have an operating cash account and in some cases a separate cash account for deposits. |
Primary Deposit | If the property has only one bank account, the Primary and Deposit check boxes are selected by default. If you have another account, you can designate one as the Primary account and the other as the Deposit account. Breeze uses the Primary account as the default account for transactions and the Deposit account for refundable security deposits. For more information, see the last section of this article. If you accept online payments from tenants, make sure you select the Primary check box for the account that should receive the payments. Online payments go into the primary bank account. |
When you click Save, the Next Step message appears: Add Late Fee Setup.
If you select Skip this Step, Breeze goes to the next step: Setting up units.
Checkboxes for Primary and Deposit Accounts
If you have two bank accounts, you can use one as the Primary account and the other as the Deposit account.
Select Primary for bank/cash account combination you use most often to record receipts and payments. Breeze will use it as the default cash account whenever you enter transactions. If you set up online payments, your tenants’ rent payments will be deposited into the primary bank.
Select Deposit for the bank/cash account combination used to hold security deposit funds. Make sure to select this cash account whenever you enter a receipt for a refundable deposit. If you set up online payments and a tenant pays their deposit charge online, those funds will be deposited into this bank account.
You can only have one primary bank and one deposit bank. They can both be the same bank or they can be different banks. (This is the case even when you have multiple banks – Breeze will let you mark one bank as both and leave everything unchecked on any other banks.)
You can change the Primary account from one bank account to another, but you can't save if the Primary checkbox is not selected for one of the accounts.
Linking a New Bank Account to a Property with Existing Accounts
You can link a new bank account to a property, as long as you don't re-use the same Cash Account/property combination.
For example, a property is already linked to two accounts, and you attempt to link it to a third account.
Because the Cash account is being used by a bank account linked to the property, Breeze displays a warning and does not let you save.
If you select a different Cash account, Breeze will let you save.
