Hi Tony I'm not an accountant, but I would treat it as an asset thus:
Payment Assets:Bank: -1,600 Assets:Bond: +1,000 Expenses:Rent: +600 Refund Assets:Bank: +1,000 Assets:Bond: -1,000 The first transaction (Payment) is a "split" - it has 3 legs. Regards Geoff ===== On 22/11/2020 7:29 pm, Tony Vanson 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
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