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Andres
Level 2

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Is this what I am supposed to do?: 

When receiving the bank deposit from client: Go to banking > Make Deposits 

In Received from: Select Client

From Account: The Other Current Liability account created

PMT Method: Bank Deposit

Amount: Record Amount

 

Whenever I pay the money I will write a check and choose the other current liability account again?

 

The money received is not income but it is a current asset in my possession. Should I create an "other current asset" and use that account when recording the deposit? Then write the check and hit the liability account?

 

 

 

 

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