Please note: This does not finalise the withdrawal process and you will need to Process the Withdrawal after the steps in this help article - Processing Withdrawals
Rex PM allows you to ensure you can effectively manage your trust account through separate ledgers for each financial record such as contacts, tenancies and ownerships.
Most of the time withdrawals will be created through disbursements. However, from time to time you may need to withdraw funds outside a disbursement This is where a transfer will come into play.
Please note: Withdrawals are designed to allow for manual withdrawal of funds outside of a disbursement cycle. If you are looking to perform a regular disbursement, please go to Financials > Disbursements. For more information, please see this help article.
To create a Withdrawal Transaction:
1. Go to the record you'd like to Withdraw Funds from
2. Click on Actions
3. Click on Withdraw funds
4. Enter the Withdrawal Amount
5. Select the Withdrawal Date
6. Enter the Withdrawal Description
7. If the record has no payment details, add the payment method and details
8. Enter a Withdrawal Reference
9. Click on Withdraw now
Please note: This does not finalise the withdrawal process and you will need to Process the Withdrawal after creation - Processing Withdrawals