Hi there, @aspirefitbody. I'm here to help with entering the deposit.
Generally, it's recommended for a corporation to select the liability or expense account associated with the payment. This helps to ensure accurate figures for the liability/expense account and reporting.
The entity type of the business will also play a role in determining the best process for recording the transaction. There was a similar question asked in the Community, and I recommend checking it out since there's some helpful information in the thread: How to record income tax returns refund in quick books?.
If you need anything, I'm just a post away. Cheering you to a fantastic year ahead!
