This article is used to Account for your Holding Deposits/Reservation fees/Prepayments as a QuickBooks User.
Go to QuickBooks > Sales > Customers
Select the customer you receive payment from then Add New Transaction > Payment
Create your holding deposit/reservation fee transaction
Go to QuickBooks > Banking then select the bank account you received the payment in.
The item should be ready to match.
Run a sync with QuickBooks from Arthur. Go to Financials > Go to QuickBooks screen > Synchronise.
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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