The rent deposits coming to the bank account, but its not an income. So what can I do with it? Should I make an invoice them or what? I also need to know if I have to send back deposits, which paid in the last accounting period (which is accounted by another software), how can I tag them? Thanks.

FaradayKeynes 9 June 2014 16:32 2

You can create a new liability account and call is Rent Deposit account , any rent deposit you take or pay you can tag it from bank

Accounting for Rental Protection Service (RPS) Deposit

How to tag rent deposits?