In Peachtree I enter receipts from cash I received into two different accounts. Depending whether is rental payment or security deposit. Now, how do I create cash accounts in QB?

In newQBO, you will need to create new accounts setup in Chart of Accounts:

  • Cash Account (Bank Type)
  • Rental Payment (Income Type)
  • Security Deposit (Other Current Liabilities Type)

(From Company Gear, top upper corner > select Chart of Accounts under Settings header)
Also, if you are creating Sales Receipt, you will need to Product/Service Item for these two:

  • Rental Payment (Income account linked to Rental Payment)
  • Secuirty Deposit (Income account linked to Security Deposit account)
  • (From Company Gear, top upper corner > select Products and Services under Lists header)

For creating Sales Receipt (From create “+: plus sign, top middle > select Sales Receipt under Customers)
In newQBO, you will have to constantly deal with Three Amigos.

  1. Create “+” sign = enter all transactions
  2. Gear = settings/preferences
  3. Left navigation bar = history, reports, banking, customers/vendors center