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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.

 

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other.PNG

 

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

 

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