Open a ledger on a listing

Open a ledger on a listing

Opening a ledger on a listing can be for the purpose of receipting a contract deposit from a buyer or vendor paid marketing from the seller. 

A listing can have more than 1 ledger attached as there may be scenarios where you are holding a sales deposit and VPA at the same time, or multiple deposits for different potential buyers.
Warning
If receipting funds from the buyer, please ensure you have added the contract in prior to receipting funds. Lean more about - Adding a Contract to a listing 
  1. Search for your listing using the quick search magnifying glass in the top right
  2. Select your listing
  3. Click on the trust accounts tab on the left
  4. Click on + Add Account
  1. Select the trust account you wish to use
Info
If you have not yet set up the trust account, please refer to Setting up a New Trust Account
  1. Select the account type:
    1. Seller
    2. Buyer
  2. Account status will be open
  3. For a buyer account you must select their corresponding contract from the dropdown
  4. Held in trust for:
    1. Select the contact from the dropdown
  5. Click on Save
Info
Sellers Account = VPA (Advertising & Marketing) is receipted to the Sellers Account as they paid the money to the trust and any unused advertising funds will be refunded to the seller
Buyers Account = Sales Deposits are receipted to the Buyers Account as they paid the money to the trust and if the contract does not proceed, any funds will be returned to them