Training Tutorial Detail

Required
beginner
financial
v1.0

Security Deposit: Receive, Hold & Refund

Deposits

20 min read112 viewsFinancials β†’ Deposits

🎯 Objective

Record security deposits correctly as liability accounts, track them through the tenancy, apply move-out deductions, and process the final refund.

πŸ’Ό Business Purpose

Security deposits are held in trust and are not income. Mishandling them creates legal liability and compliance failures.

πŸ—ΊοΈ Navigation Path

Financials β†’ Deposits

πŸ“œ Compliance Note

Security deposits must be held in a separate trust account per provincial legislation.

base44
Edit with Base44