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Hope6000
October 17, 2022
Question

Double entry

  • October 17, 2022
  • 1 reply
  • 0 views

We've recently started using QBO. When we 'write checks' it causes a double entry. One debit entry when it's created and one when it's cashed. What could I be doing wrong?

1 reply

AlcaeusF
AlcaeusF
October 17, 2022

Hello @Hope6000,

 

Thank you for posting here in the Community about your check transactions. I can provide clarification about how it works in QuickBooks Online.

 

QuickBooks is a double-entry bookkeeping system. The concept is that every transaction will always involve at least two accounts.

 

How it debits and credits accounts on your journal depends on how you enter the details of a transaction. For now, I recommend reviewing the bank account and accounts under the Category column and ensuring everything is correct.

 

Also, you can check with your accountant regarding the accounts to affect. They can help make sure your books are accurate and error-free.

 

Also, if you choose the Print later or the Print check option, your check is ready to print from the print queue. I want to share this article I find helpful for you and will serve as your reference in QuickBooks: Create and record checks in QuickBooks Online.

 

Drop me a comment below if you have other questions about your checks or the accounts. I'll be happy to help you some more.   

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