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Z Zee
Dec 28, 2022 5:01 PM UTC
Solved

tenant security deposit

Hi,

 

I'd like to use tenant's security deposit to pay for outstanding invoice- last month's rent.

I created a journal entry to debit the account of tenant security deposit held and I put credit by rental income, but how do i link it to the invoice that the invoice should show paid?

 

Thank you!

Z ZeeAnswer
Dec 28, 2022 5:09 PM UTC

I actually figured it out. Instead of crediting rental income, I credited accounts receivable and then the credit gets applied to the open invoice.

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1 reply

Z ZeeAuthorAnswer
Dec 28, 2022 5:09 PM UTC

I actually figured it out. Instead of crediting rental income, I credited accounts receivable and then the credit gets applied to the open invoice.

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