Accounting for Rental Protection Service (RPS) Deposit

Hi @Softley

I’m not an accountant, so I always recommend checking with yours to be sure. I will however try my best to help!

I did find this post in regards to recording rental deposits:
http://community.quickfile.co.uk/t/how-to-tag-rent-deposits/3320/2?u=qfsupport

I’m not familiar with the DPS scheme, are you able to elaborate on how this works please and I’ll see if I can advise you further?