How to Account for Holding Deposits (QuickBooks Users)

This article is used to Account for your Holding Deposits/Reservation fees as a QuickBooks User.

Step 1 – Create

Go to QuickBooks > Sales > Customers  

Select the customer you receive payment from then Add New Transaction > Payment

payment quickbooks

Create your holding deposit/reservation fee transaction

Step 2 – Match

Go to QuickBooks > Banking then select the bank account you received the payment in.

The item should be ready to match.

Step 3 – Sync

Run a sync with QuickBooks from Arthur.

Step 4

Once the sync has been successful, you will be able to see the holding deposit on the tenant’s rent statement as a payment/credit. This can then be allocated to future rent.

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