This article is for QuickBooks users only.
Go into the tenancy, add transaction type Registered deposit charge. This will create the charge on the tenant deposit statement.
Select Save Transaction then conduct a synchronisation between Arthur and Xero.
Go into Quickbooks > Banking and match the the bank line with the relevant deposit invoice posted by Arthur.
*Only Proceed to Step 3 & 4 if your deposits are held in a custodial scheme.*
Once you conduct a bank transfer to the custodial scheme (in real life), you will be met by a spent item in QuickBooks.
From here, you would select the Transaction and fill in the fields as follows;
Complete this by using the Add feature in QuickBooks. This will credit the Custodial Scheme Account.
To locate the list of accounts. Go to Account > Chart of Accounts.
With regards to returning the deposit follow either of these two guides;
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