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Hello, reylenea1.


We can set up a new account for the cash advance. The new one will be a liability account.


Here are the steps to follow:

  1. Click Lists from the main menu and select Chart of Accounts.
  2. In the Chart of Accounts window.
  3. Click the Account drop-down arrow below and select New.
  4. Select Other Current Liability as the account Type.
  5. Click Continue.
  6. Enter the necessary information.
  7. Then, hit OK.





Once done, please consider following  the next steps this article: Manage upfront deposits or retainers.


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