refund partial security deposit quickbooks for mac

#REFUND PARTIAL SECURITY DEPOSIT QUICKBOOKS FOR MAC HOW TO#

The tenant and the liability account both now have a zero balance.Paying or collecting damage deposits is a common business activity, especially if you're in real estate management. If you don't see the credit and the invoice, they have been automatically applied, and you can select Cancel to skip this part of the process. Verify that the credit and invoice are both selected, and that the amounts are equal. Enter the amount that is not being returned to the tenant in the Amount field. Enter the amount of the portion of the deposit you are not returning in the Amount field. Enter the product or service information for the item. In the Account details section, select the liability account you use for security deposits from the Account column drop-down list. Step 1: Write a check for the amount to refund You can start the process of refunding part of a security deposit by issuing a check for the portion to be refunded.Įnter the check information. Note These steps are only applicable if you use a liability account for security deposits.

#REFUND PARTIAL SECURITY DEPOSIT QUICKBOOKS FOR MAC HOW TO#

Learn how to return a part of a security deposit. Once the credit memo is created, the next step is to apply the credit to the invoice you created. Once you have created the invoice, the next step is to enter a credit memo for the amount that is not being refunded. The next step is to use the product or service items you created to enter an invoice for the portion of the deposit you are not returning. To create the necessary product or service item to use on the invoice. The next step is to create any necessary product or service items you will need to create an invoice for the un-refunded portion of the deposit. You can start the process of refunding part of a security deposit by issuing a check for the portion to be refunded.

Refund partial security deposit quickbooks for mac