Property management - posting transfer of funds

Canada Discussion in 'Technical Queries' started by brook1964, Dec 6, 2018.

  1. brook1964


    Dec 6, 2018
    Likes Received:
    Good Day,

    Our property management company has taken over a condominium property. The opening trial balance has been posted with opening balances. I have received (2) cheques from the previous management co. that are the bank drafts/funds, one for operating bank account and one is for the reserve fund but I'm not sure what the proper procedure would be to post them. If anyone could shed some light on this, I would be grateful.
    brook1964, Dec 6, 2018
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