DPS deposit

[irose50]

Hi
I,ve found older posts on this but nothing definitive.
Can someone advise how to deal with the following, please.

Regarding rental property held in a LTD company, how should deposits be allocated?

So the tenant pays the landlord a deposit. The landlord then passes this on to a deposit service (DPS). How should that be allocated in Quickfile?

At some point in the future (could be many years down the line) the deposit is either (a) partially/wholly refunded to the tenant from the DPS and/or
(b) partially/wholly to the landlord for repairs etc.

So 2 parts. What to do with the initial deposit and secondly what to do with if returned to landlord?

Thanks in advance

[QFSteve]

Hello @irose50

You may find the below thread useful.

Rental Deposit Paid

Hello, I recently rented a commercial property and I paid a deposit to the landlord. I’m not sure how to account for this and all the other community topics are about how to account for deposit payments received rather than paid. I don’t want to simply put it into my rent account as it will show on my P&L. Many thanks for the help in advance!