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Replying to:
QuickBooks Team

Re: Recording tenant security deposit payments received

Greetings, @abides.

 

Yes, the only way is to enter a deposit with a liability account. And I’d be glad to help you with this.

 

It’s just the same thing when you’re paying your liability expenses. Here’s how:

 

  1. Click the Plus (+) icon
  2. Choose Bank Deposit.
  3. Select the Bank account under Account.
  4. In the Add funds to this deposit section, fill out the information.
  5. Under the Account column, select a liability account.
  6. Enter the Payment Method and the Amount.
  7. Click Save and close.

I’ve got you an article to read on for your reference: How to Record Deposits.

 

If you have other questions about recording your deposit transactions, leave me a comment. I’ll be right here to answer them.