We rent out houses. I made a invoice for a customer indicating the Rental amount, the Deposit amount and the admin fee, thus the customer’s account was debited with the different amounts and the Rental, deposit and admin fee açcounts were all credited. The customer vacated the house and still has an oustanding rental amount. I want to use the deposit that he paid to pay off the oustanding amount that is still showing on his account, how do I do that?
Use a journal entry