SaaS
Office Lease Security Deposit
Paying a refundable deposit when signing an office lease.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Refundable Deposits (Office) | Asset (+) | 6,000.00 | - |
| Cash in Bank | Asset (-) | - | 6,000.00 |
💡 Accountant's Note
Security deposits are assets, not expenses. They are returned at the end of the lease if the premises are in good condition.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.