![]() ![]() Next, on the page you linked me to, Step 3 (Not always needed) is "Create a trust liability bank account." I do have a bank trust account, but i haven't followed those instructions because I'm uncertain. I therefore chose Sales of Product Income, and named the account "Trust Liability Account."ģ. From Income Account drop-down, I did not see the expected "Trust Liability Account," as per instructions. When I went to create a retainer item, I followed the steps. I've created a liability account (Other Current Liabilities|Client Trust Accounts - Liabilities.Ģ. I think I'm following pretty well, but it's starting to get murky.ġ. Stay safe and have a great rest of the day. You can always count on the Community Team if you need additional assistance in completing your tasks with QuickBooks. Here's an article for the complete details about prepayments: How to record a retainer or deposit.
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