Property Manager Sign up as a
Property Manager
It takes just 15 seconds with no credit card needed

By submitting your details, you are agreeing to our Terms and Conditions

Start your 14 day trial today

How to Account for Holding Deposits (QuickBooks Users)

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

Step 1

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

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

The item should be ready to match.

Step 3

Run a sync with QuickBooks from Arthur. Go to Financials > Go to QuickBooks screen > Synchronise.

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.

Still have a question?

Our support staff are ready to help with any technical issues.
To get in touch please use our online chat below