QB Issue Resolution:
Assuming you paid for the bond, Create a current asset account called something like bond
write the check and use that account as the expense for the bond
when it is refunded to the bank account, do a deposit and use that same bond asset account as the source account for the deposit
this kind of thing is not an expense, you are holding money in reserve
Resolution for Issue 'Hi, how do i record a bank guarantee or a performance bond that i have submitted for a customer proposal or quotation?' available: Yes (Solved).
Source: Intuit Community forum.
Hi, how do i record a bank guarantee or a performance bond that i have submitted for a customer proposal or quotation?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Account
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