Credits Overview

Credits in ManageCasa provide an easy and efficient way to manage overpayments, advance payments, or adjustments on a user's account. They automatically ensure that any excess payments are tracked and applied toward future transactions, giving property managers peace of mind. This overview will walk you through what credits are, how they work, and why they are a key feature in streamlining your financial operations within the system.

What are Credits?

Credits are essentially any amount of money that exceeds what is owed at the time of payment. These may come from:

• Overpayments: When a user pays more than the balance due on a transaction.
• Advance Payments: When a user pays in advance, with no current balance due.

Once a credit is created, it’s automatically stored in the user’s account and applied to future payments, ensuring the extra funds are used effectively.

How Credits Work in ManageCasa:

1. Automatic Credit Application: When a user overpays or makes an advance payment, ManageCasa automatically converts the excess into a credit. This credit will be automatically applied to their next transaction due, minimizing the need for manual tracking or follow-ups.
2. Viewing Credits: You can easily see available credits on any user's account by navigating to the Accounting section. This allows for easy tracking and management of any overpayments or advance payments.
3. Using Credits for Future Payments: Credits are applied automatically to future charges. Whether it's rent, HOA fees, or maintenance, the system will use the available credits to reduce the user’s next balance due.
4. Manual Credit Application: If you need to manually apply a credit to a specific transaction, you can do so by going to the user’s payment screen, selecting + Record Payment, and applying the available credit.

Why are Credits Important?

Credits in ManageCasa make financial management simpler by:

• Ensuring that no overpayments or advance payments are missed.
• Automatically applying credits to future transactions, reducing administrative effort.
• Keeping the user’s account up-to-date with the correct balance.

This feature is key for maintaining accurate records and ensuring a smooth payment process for both managers and users.

ManageCasa's credit system is designed to help you efficiently manage excess payments and ensure they are correctly applied to future balances. It reduces manual tracking, making the entire process seamless and accurate. For more detailed information on how to handle credits or if you have any questions, feel free to contact us at support@managecasa.com.

For more detailed information on how to manually add credits, check out this article.

To learn how to automatically turn on credit application for future charges, check out this article.