A Current Liability Created : Refundable Security Deposit (received from customer).
Account Type of Refundable Security Deposit is Payable
Tried to create a JV. But the Party Type cannot be selected as a Customer while the Account Type of the above account is Payable
It works properly in the following situations;
- Changed Account Type of Refundable Security Deposit to Receivable
- Customer’s Party Type has been changed to Receivable
Can anyone help us understand which approach is correct? Or do we have any alternative options to suggest?