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#3
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| One advantage to Chris's solution is that it will still reflect the deposit as an asset of yours. This is generally a good thing. "Adeel" <dontWantSpam[at]All> wrote in message news:uwVkFgjCHHA.4992[at]TK2MSFTNGP03.phx.gbl... - quote - > Thank you for your responses guys... > Yes, I suppose Dick's right but I think Chris's solution is a really smart > one. It makes a lot of sense to me...! |
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#2
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| Thank you for your responses guys... Yes, I suppose Dick's right but I think Chris's solution is a really smart one. It makes a lot of sense to me...! Thank you again guys Cheers! |
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#1
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| Alternatively, create a "bank" account in Money and deposit the money to it. When you leave the apartment, transfer it to checking as deposit, expense it to the last month's rent or as rental damages, or whatever. Just reduce it to $0 to show you're not owed money any longer. As Dick said, there is no one right answer. -- Chris Cowles Gainesville, FL "Adeel" <dontWantSpam[at]All> wrote in message news:ecHtdMZCHHA.3620[at]TK2MSFTNGP02.phx.gbl... - quote - > I was wondering what entry do I make for the money kept with my landlord > as bond for the room I'm renting. Do I just post it as an 'Mortgage/Rent' > expense for now and later reclaim it as 'Other Income' when I get the > bond money back? What do you people do in these situations? > All comments/suggetions are welcome and will be greatly appreciated. |
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| Yours is one way. I have a category called Miscellaneous : Deposit, Credit to Follow that I use for both sides of transactions like this. There is probably no one right answer. "Adeel" <dontWantSpam[at]All> wrote in message news:ecHtdMZCHHA.3620[at]TK2MSFTNGP02.phx.gbl... - quote - > I was wondering what entry do I make for the money kept with my landlord > as bond for the room I'm renting. Do I just post it as an 'Mortgage/Rent' > expense for now and later reclaim it as 'Other Income' when I get the bond > money back? What do you people do in these situations? > All comments/suggetions are welcome and will be greatly appreciated. |
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#-1
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| Hi group! I was wondering what entry do I make for the money kept with my landlord as bond for the room I'm renting. Do I just post it as an 'Mortgage/Rent' expense for now and later reclaim it as 'Other Income' when I get the bond money back? What do you people do in these situations? All comments/suggetions are welcome and will be greatly appreciated. Thank you Regards, Ady PS. I have money 2005... |
| Tags |
| accounting, bond, rent |
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