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December 9, 2022
Question

A Deposit is showing up as a credit and a debit

  • December 9, 2022
  • 1 reply
  • 0 views
I rcvd a payment, it came through on the interface. When I accepted it, it posts as a crdit and debit on the same date.

1 reply

December 9, 2022

Hello, decosupply.

 

To clarify, are we referring to a deposit showing up on our banking page or the transactional journal entry of the deposit's debit and credit sides? 

 

QuickBooks creates debits and credits when entering bank deposits. This happens to all transactions.

 

When entering a transaction on the Category section or Line item, I recommend selecting another account type. Doing so prevents the deposit to post debit or credit.

 

To learn more about how QuickBooks Online uses double-entry accounting, you can check out this article: How Accounts are Affected by Debits and Credits.

 

Just reply to this thread if you need extra help with banking or QuickBooks in particular. We'll do our best to respond as soon as we can. Keep safe!