Hello, @pnfpartners.
I hope you're having a great day. You can record security deposits by creating a deposit in QuickBooks. You can adjust the deposits as needed during the term as well. Here's how:
- Go to the + New menu and click Bank Deposit.
- Choose an Account for the deposit to go in.
- In the Received From box, select your tenant.
- You'll need to pick an income, expense, or other Account and enter the amount of the deposit.
- Press Save and Close.
It's that easy. Now you'll be able to edit the deposit when you need to for the adjustments. I've found a link to a thread that may be helpful as well.
Feel free to comment below if you have any other questions. Enjoy the rest of your day!