[GNC] How to treat accommodation security deposit

[Doug]

Tony,
 I am no Accouintant, but the way I would attack it is to set up a cash account for the bond (security deposit), then split the payment into bond & rental (into another account, or as a Draw).
 When the bond is returned, that credits into the bond account, hopefully leaving it at zero balance. (hint: the account can then be hidden if you no longer need to see it)
 I also have old ´sleeper´ accounts: a hidden main account zzzz (bit obvious: a snooze!) then drop old unused accounts into that main account.
Keep safe!
regards, Doug (in sunny, relatively covid free Australia)


On Sun, 22 Nov 2020 15:29:36 +0700
Tony Vanson <tonyvans70 at gmail.com> wrote:

> Hi all,
> Using Windows 10 Home
> GC 4.2
> 
> I anticipate renting a property for 1 month and will pay the rental up
> front plus a security deposit amount which will be returned at the finish
> of the rental period. I am totally in the dark how to approach this.
> Do I need some kind of split? The rental expense is a straight forward
> expense, but how do I input the security deposit - I tried it as an asset
> but that didn't work and doesn't seem right. Various other things i tried
> usually came up with an Imbalance entry.
> I would really appreciate some guidance on this.
> Cheers
> 
> -- 
> *Tony Vanson*
> 
> *The older I get,*
> *the better I was*
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.


-- 
Doug <lemans4 at internode.on.net>