I created the journal entry with a debit to the liability account for the deposit amount and a credit to A/R. This created a double down payment and wanted me t...
HelloFor the initial deposit, I created an item called "Customer deposit" which was assigned to a new income account "deposit liability account". This deposit w...
Thank you for the reply.A previous QBO rep told me to record the refund receipt in this manner so that I could balance my deposits. The first issue I was having...
