Record rent deposits
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This topic advises on how to handle rent deposits in IRIS KashFlow.
Setting Up
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Select your initials from the menu bar and select Account Settings. Go to Chart of Accounts > Show Advanced Configuration Options.
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Select the Allow me to access all codes in all areas option and select Update.
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Next, go to Banking > Banks.
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From the Actions (3 dots,
) menu select Bank Codes. The select Add bank code. -
Name the new code Deposits and set it to Current Asset / Liability or whatever you think appropriate.
Recording
You can then record a bank transaction directly against the bank account for the deposit received and select the newly created code in the Code field. For more information on adding a bank transaction, click here.