Key Feature Overview: #
Mistyped amounts during financial transactions can cause significant issues in dormitory management. Dormefy’s Maximum Deposit Limit feature helps solve this problem by allowing dorm managers to set a cap on the maximum deposit per transaction. This prevents members and managers from making costly mistakes, such as entering $5000 when they meant $500. By setting a deposit limit, you can ensure more accurate and secure financial transactions for your dorm, avoiding potential errors in large payments.
How the Feature Works: #
The Maximum Deposit Limit feature in Dormefy helps dorm managers set a predefined cap on the maximum amount that can be deposited in a single transaction. This limit prevents errors like typing an extra zero or entering a higher amount by mistake, ensuring smooth and error-free financial transactions for both managers and members. The manager can set the deposit limit based on the dorm’s quarterly expense needs, ensuring it aligns with the financial flow of the dorm.
- Error Prevention: The deposit limit acts as a safeguard to prevent large transaction mistakes.
- Manager Control: Dorm managers can adjust the limit according to the dorm’s financial needs.
How to Set the Maximum Deposit Limit (Manager) #
Step-by-Step Setup: #
- Log in to Dormefy:
Use the Dormefy web or Android app to log into your account. - Access Dorm Settings:
On the left-hand sidebar, go to Dormitory > Dorm List. - Edit the Desired Dorm:
If you manage multiple dorms, select the dorm you want to update by clicking the edit icon. - Set the Maximum Deposit Limit:
On the dorm settings page, locate the field labeled Max Deposit Limit. Enter the desired maximum deposit amount. - Save the Settings:
Click Update to save the changes. The set deposit limit will now apply to all financial transactions.
What happens if a member tries to deposit more than the set limit? #
If a member tries to deposit an amount exceeding the set maximum deposit limit, the system will block the transaction and notify the user to enter an amount within the allowed limit.
Can dorm managers change the maximum deposit limit later? #
Yes, dorm managers can adjust the maximum deposit limit anytime through the dorm settings. Simply follow the same process to update the amount.
By using Dormefy’s Maximum Deposit Limit feature, dorm managers can ensure that financial transactions are accurate and secure, preventing costly errors and streamlining dorm financial management.
