I'm new to GNUCash and creating a new GNUCash file to track my rental. I have a security deposit account with my bank, and am trying to make sure I get this all setup correctly.
In quicken, I had an account for the deposit account and a liability account for amount due back the renters (so it didn't appear I had extra money). I expect that's what I'd want as well, a liability for the deposit and an asset account for the money. However, I also need to "receive" the deposit from the renters as an income? I'm not quite sure how to set this up correctly using GNUCash's double entry bookkeeping. Any help/recommendations are appreciated.