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Lilla Horvath
  • Wholesaler
  • New Westminster, British Columbia
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39
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Bookkeeping Security Deposit

Lilla Horvath
  • Wholesaler
  • New Westminster, British Columbia
Posted Apr 19 2015, 11:32

Is a security deposit regarded as income for bookkeeping purposes? I'm using Excel spreadsheets for now to do my bookkeeping. How do I account for the security deposit without inflating the cashflow?

How do I account for the return of a security deposit? What would the account be for this transaction? Is it an expense? If so, what kind?

Thank you!

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