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Replying to:
kbsitz
Level 1

How do I record a security deposit that My Customer is asking for?

Background:  I am a Real Estate independent contractor and my brokerage requires that a security deposit be held.  The security deposit is refundable upon exist but held for non payment of fees, if outstanding  fees occur prior to exist.

Question:  My Sales Commission checks have already had the Security Deposit taken out  - How should the "Security Deposit" account be created in the Chart of Accounts in QB?  

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