Apartment Deposit in QuickBooks

apartment deposit in QuickBooks

Q: How do I record an apartment deposit in QuickBooks?

A: An apartment deposit in QuickBooks works like any other deposit in QuickBooks. Remember to set up the file correctly with the units in the Customer Center, not in the class list.

Create an item for rental deposit and a rental deposit account as a liability account.

Create an invoice for the rental deposit and then receive payment.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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