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Rent Vacation Property and Track Security Deposit

Rent Vacation Property

Q: What is the best way to keep track of Security Deposits for a Rent Vacation Property?

A: This is a frequent question we receive. There are two ways to view reports for security deposits for Rent Vacation Property and select the one that suits your needs:

  • Do you want the security deposit to show as a negative amount when you read the tenant report? OR
  • Do you want the security deposit for the vacation rental property to reflect while keeping the accounting system in mind?

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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