Prepaid rent is a current asset to the tenant and a current liability to the landlord.

 

 

Resolution for 'created liability issue: 'What is the best way to record prepaid rent? I’ve created liability accounts, but not sure that is correct.' available: Yes.

The created liability 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 created liability issue yourself by looking for a resolution described in the article. If it is a complex created liability issue or you are unable to solve the issue, you may contact us by clicking here or by using other created liability support options.

For more information about resolving issues related to created liability in Quickbooks/QBO or to get support for the issue 'What is the best way to record prepaid rent? I’ve created liability accounts, but not sure that is correct.', click the link below: