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February 4, 2020
Question

How do I reconcile a security deposit refund? I entered as income on my books, and I was asked to correct it...

  • February 4, 2020
  • 1 reply
  • 3 views
No text available

1 reply

Sarah Bl
February 4, 2020

Welcome, @debbee34.

 

We can give you information on how to record Refund Security Deposit or Receiving a Refund Security Deposit. Both links will work depending on if you're recording a refund of the security deposit or receiving the security deposit.

 

When it comes to providing what specific account to use, I recommend to reach out to your account as we cannot give this information. If you don't have an accountant, you can go to QuickBooks Live Bookkeeping. QBO Bookingkeeping is professionals who are cheaper than an accountant and can pay month to month or however long you need them. 

 

I want to thank you for reaching out to the Community, and if you have any more questions or concerns, please don't hesitate to hit Reply or start a new thread.