security deposits

[David T.]

I am out of my depth here, but shouldn't this go into a Liability account? After all, it's not really your money, and technically, you owe it to them.

I am not sure about invoicing, though.

David

--- On Tue, 3/29/11, scar <scar at drigon.com> wrote:

> From: scar <scar at drigon.com>
> Subject: security deposits
> To: gnucash-user at lists.gnucash.org
> Date: Tuesday, March 29, 2011, 1:54 PM
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> 
> i am wondering how i can handle security deposits with
> gnucash.  my
> business basically operates off of rental income.  so
> far, when i have a
> new customer, i enter a security deposit into their first
> invoice along
> with the first month's rent.
> 
> now, after a tenant has checked out, i want to refund the
> security
> deposit.  i thought i could just generate a new
> invoice with a negative
> amount to signify a refund, but gnucash doesn't allow
> this.  i would
> like the refunded security deposit to show up in the
> customer report, so
> i thought an invoice would be necessary.  what's the
> best way to do
> this?  thanks
> 
> 
> 
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> 
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