Hey, I am trying to integrate our HOA spreadsheet into QB desktop nonprofit. When I started, I just did a beginning balance on the accounts and setup everything else.
We have deposits for house projects...i.e. putting in a pool, homeowner sends in a check as a deposit, then it's returned upon completion. Since starting I have sent checks for projects completed (that had deposit received from the homeowners) and so now on the balance sheet, these deposits returned show up as other current liabilities since they aren't offset by the check being received in the first place.
How should I fix this so that these won't show up on balance sheet, and going forward, what item or account do I need to create to receive in these deposits? Hopefully this makes sense...thanks in advance
