Security deposits are the money you're holding in trust while a tenant rents your property. If you received a security deposit prior to using REI Hub, we recommend entering these for current tenants or if you retained (kept) a security deposit from a tenant in the relevant tax year.

To enter a security deposit you received prior to using REI Hub, click the Add Transaction in the top left corner. Use the "Security Deposit Received" transaction type found in the left cash in column.

Enter the details like the date you received the deposit (exact or close is great here), the amount, the property it applies to, and the bank account where it was deposited if you have a specific security deposit account (or Owner Funds if you do not). Optionally, you can enter the description to include details like the tenant's name. Be sure to click save once everything has been filled in!

If you kept a tenant's security deposit, enter in their full security deposit amount in the year it was received, then also enter a security deposit retained transaction for the date it was kept.

There are two main ways to view the security deposits you have booked into REI Hub. You can either view the Security Deposits Held report for a summary based on date ranges or view the individual transaction records on the Booked Transactions page using the filters.

The report will provide a breakdown of your security deposit balances per property and unit and how they have changed over the time period.

The Ending Balance column shows the values as of the last day of your date range. If you selected 'Year to Date,' then the Ending Balance column shows your current security deposit balances as of today.

The Starting Balance column shows the values as of the first date of the range—the Additions and Subtraction columns, combined with the Starting Balance, net out to the Ending Balance.

Navigate to the Booked Transactions page under the Transactions header on the left menu. Click the Filter button on the right-hand side of the screen and filter by Account.

Filter by the Security Deposit Held account to see any transaction regarding security deposits, including ones received, refunded, and retained. Filter by the Security Deposit Retained account to see only the security deposits that were kept and not returned to the tenant.

Optionally filter by the "Security Deposit" transaction type to see security deposits received and currently held, and/or update the Property field to see only security deposit transactions for that one property.