The first step to dealing with any deduction refunded to you via any custodial scheme is to follow the steps outlined in this article: https://www.arthuronline.co.uk/knowledgebase/how-to-return-the-deposit-and-close-off-a-tenancy-statement-after-the-tenancy-has-ended/
Once you have agreed with the scheme that the Tenant is responsible for paying that amount that has been deducted, the Custodial Scheme will pay this money into your account. Once you have located this bank line, select ‘Assign To’ followed by ‘Liabilities’.
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