a security deposit refund. Recording Security Deposit refunds from our property Management companies is easy in QuickBooks Desktop. It’s the same procedure as the rent payouts. The tenant or the landlord receive a payout remittance that the deposit detail report shows they are entitled to. Their remaining deposit balance that shows in the detail is the amount of the deposit repayment the tenant or landlord client will receive when the tenant moves out or the landlord moves on.
The current liability account that represents the total balance of all landlords or tenant’s security deposits payable will decrease along with the bank account where the deposit payback was paid from.
The full desktop management playlist is here and it’s free for all property managers to learn……….
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The bank feeds desktop playlist is here……………..
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This playlist was created to prove that QuickBooks desktop is the absolute best property management software ever!! Any property management company or any company that gives rental property service to a real estate rental company, needs to us QuickBooks desktop in exactly the way these videos show in order to keep records of property management financially, regarding each area of property data. If you operate as a real estate rental management company, then you manage the property for ten owners and the landlords are your customers as continued clients. Their tenants are also your continuing clients until they move out. The property management company must: collect rent, pay property expenses, and charge a property management service fee for themselves before releasing or remitting the money to their property owners with a monthly deposit statement. If those are your property management company procedures, then you will absolutely benefit from using QuickBooks desktop and following this playlist step-by-step.
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