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jcj226
Level 1

What do i categorize rental equipment security deposit return in bank review Rented equipment for 225 then got back 115 for deposit refund. What category does this go in?

 
1 Comment 1
Rustler
Level 15

What do i categorize rental equipment security deposit return in bank review Rented equipment for 225 then got back 115 for deposit refund. What category does this go in?

when you paid the rental deposit, post it to an expense account named rental deposit expense

 

the amount you get back is deposited and you use that same rental deposit expense as the source account for the deposit (or the credit entry on a credit card)

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