Initial Payable Posting to Property
Posting of Security Deposits requires a Property Security Deposit account be setup in the Assets section of the Chart of Accounts. This Account will be selected when the Property Security Deposits Report is run, under Accounts Payable. The ability to select a specific account on the Report allows for several Security Deposit Accounts to be setup. Typically accounts would be setup for standard Security Deposits, Utilities and Pet deposits.
There are two options for posting a Security Deposit to a Unit; a Payable Posting, or a Unit Direct Cost line.
