I am a new Qb user. Recently i created my chart accounts, but when i created my first sales receipt i considered it as a income, i expected that payment was applied as a income cash and cash equivalents, in positive number because is a sale, is a income, positive number, but it was not. The sales appears as negative number in the account cash and cash equivalents. Why? What i am doing wrong??
@Meraki wrote:
I am a new Qb user. Recently i created my chart accounts, but when i created my first sales receipt i considered it as a income, i expected that payment was applied as a income cash and cash equivalents, in positive number because is a sale, is a income, positive number, but it was not. The sales appears as negative number in the account cash and cash equivalents. Why? What i am doing wrong??
the issue is that you used a bank type account on the item screen for the item you used on the sales receipt. The item, where it says select income account, is just that. You have an income type account in the chart of accounts, (you can make others if you wish), but that is the account you select.
then you deposit the funds received in a bank account, bank accounts are where you hold money
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