Something caught my eye that I think needs to be clarified.
I have input our security deposits as an other liability,
"OUR" security deposits? LLC members don't make security deposits. They make capital contributions. If the LLC has rental real estate, the renter pays the security deposit. Not the owner(s). So maybe if you clarify exactly what "our" security deposit is referring to, that will help those trying to assist here, in better understanding your situation so they can better assist you.
Security deposits paid by the tenant to the LLC are not liabilities. It's income. If/when the deposit is returned to the tenant, you'll record that as a payout in the tax year the deposit (or portion thereof) is returned to the tenant. That keeps the balance sheet straight.
