security deposit on long term lease (37 months) that i paid

1) Create new Chart of Account
Account Type: Long-Term Assets
Detail Type: Security Deposit
Name: Security Deposit

2) Create Expense when security deposit was paid

Line 1: Category - Security Deposit - $$$$

(Security Deposit will stay on your balance sheet long-term assets until the it's received back from the landlord)

3) When Security Deposit is received back
Create Bank Deposit
Line 1: Category - Security Deposit - $$$

I got you, Drstewart512. Let me help you record your security deposit on QuickBooks Online.

I recommend consulting your accountant first about where to place your expenses for accurate recording of your transactions.

To record your security deposit in QBO, we can add a new account and then create an Expense transaction. I'll guide you through every step. Here's how:

1. Go to Settings ⚙ and select Chart of Accounts. Then, select New.
2. Enter an Account name. Select an Account type.
3. Then, choose the Detail type from the dropdowns.
4. If this account is a subaccount, check Make this a subaccount, then choose the Parent account it should be under.
5. If you choose a Bank, Asset, Credit card, Liabilities, or Equity account, enter the Opening balance, and fill out the starting date in the As of field.
6. (Optional) Add a Description to add extra information about this account. 
7. Select Save once everything is done.

After this, let's record your expense transaction:

1. Select + New. Then select Expense.
2. In the Payment Account field, select the account you used to pay for the expense.
3. In the Payment date field, enter the date for the expense.
4. In the Payment method field, select how you paid for the expense.
5. Select Save and close when you're done.

Find out more about recording, editing, and deleting expenses in QBO through this article: Enter and manage expenses in QuickBooks Online.

When your security deposit is refunded at the end of your lease term, please refer to this article to record a bank deposit: Record and make bank deposits in QuickBooks Online.

Let me know in the comments if you need further assistance recording your security deposit. I'll loop back here swiftly to help. Have a good one.