
Security deposits are not income — how to book them right
A tenant's deposit is money you owe back, not money you earned. The liability setup, the move-out entries, and the state-rule wrinkle that decides where the cash has to sit.
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A tenant's deposit is money you owe back, not money you earned. The liability setup, the move-out entries, and the state-rule wrinkle that decides where the cash has to sit.