Continuing from my other question.
My client is a Property Management company
Security Deposits are taken and deposited into an Escrow account.
NOTE: They are using Rentec as their PM software so NO Tenants or Owners were put into QB.
Knowing that they are paying the tenants security deposit back out of the Escrow account as it should be
BUT because there are no tenants setup in QB bc they using another software for that.
It would be Deposit TO: Escrow Account as it should be...
What would the account be when making the deposit? Would it be Received FROM? and make a fictious All Tenants??
or From Account? and make a liability account???
Thanks
SMccall
