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Updated over 8 years ago on . Most recent reply

Mark Forest's profile image
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Mark Forest
  • Real Estate Investor
  • from Fenton, Michigan
  • Member since Jul 1, 2008
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Mark Forest's profile image
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Mark Forest
  • Real Estate Investor
  • from Fenton, Michigan
  • Member since Jul 1, 2008
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Mark Forest
  • Real Estate Investor
  • Fenton, MI
153
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946
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Real Estate Technology

Using tenant security deposit in Quickbooks

Mark Forest
  • Real Estate Investor
  • Fenton, MI
Posted

I have to use the entire security deposit to cover lost rent.  The invoice for rent is created.  If I just issue a credit memo how do I DR the balance in the tenant security deposit?  I don"t want to create an "item" for each deposit. Thanks in advance to all who help.

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Julie Haveman's profile image
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Julie Haveman
  • Multi-family Investor
  • from Allendale, Michigan
  • Member since Jun 16, 2015
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Julie Haveman's profile image
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Julie Haveman
  • Multi-family Investor
  • from Allendale, Michigan
  • Member since Jun 16, 2015
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Julie Haveman
  • Multi-family Investor
  • Allendale, MI
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Julie Haveman
  • Multi-family Investor
  • Allendale, MI
Replied

Can you just transfer it by doing a general journal entry?

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