I am raising an invoice and creating a line for Refundable Security Deposit, posting said amount to Suspense account. when client is refunded amount(make payment) from current account it will automatically take it out from Suspense account. This appears to work easily, am I missing something? screen…

Quick fixes in accounting almost never are. :wink:

Refundable security deposit

Tut September 29, 2016, 4:02pm 4

@m1sty222, you should never post to Suspense on purpose. See this guide:

Topic		Replies	Views
Rental	27	5215	January 18, 2023
Refundable Rental Security Deposit	4	479	September 13, 2021
Security Deposit Holding	11	742	January 18, 2023
Suspense Account	4	2068	September 19, 2016
Receipts for payment of invoice being recorded to Suspense	10	493	February 27, 2021