I've looked online and consulted with a bookkeeper and an accountant but so far I haven't found an answer to my question. We operate a vacation rental business. Often guests will make a reservation for the next fiscal year and pay a deposit right away. I record the deposit in the Receipts Journal as a deposit amount (DR Bank, CR Deferred Revenue). Then, when I roll over my year and post the sale for the guest, I apply the deposits received in the previous year to their sale. My problem is that when I post the deposit, it debits the bank and credits deferred revenue BUT it also posts the amount in my Aged Overdue Accounts Receivable Report. Is there a way to set this up so that the deposits don't appear in the Aged Overdue A/R report?