Community Contributor **

Re: Recording tenant security deposit payments received

Thank you for your response.

 

I was told that because these security deposits are deposited into a separate bank account and because I have it set up that this bank account feeds directly to QB, that I cannot set it up as a liability.  As it is a bank account.

 

So is it true that the only way I would be able to set it up as a liability is that I would have to manually enter in each deposit?  Bc the way it's set up now, any/all deposits are automatically fed into QB via the bank feed.

 

Is there any other option?  Thank you so much.