There are situations where a Buyer has placed a deposit on certain property that fell through, but the Buyer purchases another property and requested that Deposit continue to be held by your brokerage.

In this instance, navigate to the original transaction and select Edit.

Navigate to the Deposits tab and select Escrow/Trust icon.

Highlight the deposit, then select the Transfer icon:

You will prompted a notification advising this operation will reverse the original Deposit and reassign it to a new transaction. If you have already reconciled the original you will then need to re-reconcile.

To Attach the Deposit to Another Transaction

Navigate to the new transaction and select Edit

Navigate to the Deposits tab and select Escrow/Trust icon.

Highlight the appropriate deposit and select Attach at the top right of the window:

Highlight the appropriate deposit and select Attach on the Transferred Trust window.

A notification will display advising that this deposit will be attached to this transaction and removed from the transfer list, select OK.

NOTE: This will not automatically update the original deposit with the new transaction number or address in QuickBooks® and should be edited manually in QuickBooks® as required.