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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateQuickbooks Earnest Money Deposit - Lost
David Meadows's profile image
David Meadows's profile image
David Meadows
Pro Member
  • Investor
  • from Colleyville, TX
  • Member since Mar 26, 2015
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David Meadows's profile image
David Meadows's profile image
David Meadows
Pro Member
  • Investor
  • from Colleyville, TX
  • Member since Mar 26, 2015
Connect
David Meadows
Pro Member
  • Investor
  • Colleyville, TX
4
Votes |
6
Posts
Buying & Selling Real Estate

Quickbooks Earnest Money Deposit - Lost

David Meadows
Pro Member
  • Investor
  • Colleyville, TX
Posted Oct 28 2015, 20:47

We walked away from a potential acquisition after our option period and therefore lost our Earnest Money Deposit. How do I record this loss/clear this in Quickbooks.  Right now I have $1000 sitting in my Earnest Money Deposits (Other Asset) account.

Thanks in advance for your help!

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