How to Account for Holding Deposits (QuickBooks Users)

Created by RevQore Support, Modified on Tue, 26 Mar 2024 at 12:40 PM by Ella Kitching

This article is used to Account for your Holding Deposits/Reservation fees/Prepayments as a QuickBooks User.

Step 1

Go to QuickBooks > Sales > Customers   Select the customer you receive payment from then Add New Transaction > Payment

payment quickbooks 

Create your holding deposit/reservation fee transaction


Step 2

Go to QuickBooks > Banking then select the bank account you received the payment in. The item should be ready to match.


Step 3

Run a sync with QuickBooks from Arthur. Go to Financials > Go to QuickBooks screen > Synchronise.

Step 4

Once the sync has been successful, you will be able to see the holding deposit on the tenant's rent statement as a payment/credit. This can then be allocated to future rent.

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