Customer Deposits On Balance Sheet - Debit cash, credit customer deposit account (liability) Use the make deposits screen to record deposits and make sure you choose your customer deposit account (liability) or; Only use the following method to record customer deposits: It is typically a current liability as it will be settled within 12 months or less. Web accounting for customer deposits is pretty straightforward. The customer deposit is recorded as a credit or liability on the balance sheet, often in a customer deposit or customer prepayment account.
It is typically a current liability as it will be settled within 12 months or less. The customer deposit is recorded as a credit or liability on the balance sheet, often in a customer deposit or customer prepayment account. Debit cash, credit customer deposit account (liability) Use the make deposits screen to record deposits and make sure you choose your customer deposit account (liability) or; Only use the following method to record customer deposits: Web accounting for customer deposits is pretty straightforward.