Go into the Tenancy > Add Transaction type “Registered deposit charge”. This will create the charge on the tenant deposit statement.
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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