I connected my bank to Quickbooks and imported all my transactions. Now my deposits for rents (Short Term rental) shows as negative in chart of accounts. Help!!??

Hello there, @honeyhomeshive-g.

Thank you for providing detailed instructions on how to record deposits to keep your QuickBooks account up to date.

The payment transaction amount will be negative, depending on the category type or posting account where you transfer them.

When the account category is income, the bank deposit has a positive value. If it is classified as an expense, it will result in a negative total because it will be deducted from your account. You can check the Deposit Detail report to see where each of your deposit accounts is classified.

1. Navigate to the Reports menu.
2. Enter Deposit into the search box, then click on Deposit Detail.
3. Set the Report interval.
4. Select Run report.
5. Find and select the Deposit option from the Transaction Type column.

After that, you'll be directed to the Bank Deposit transaction window. Following that, double-check the account you used to make your deposits.

To keep your accounts accurate, I recommend reconciling once a month to detect discrepancies. For more information, see this article: Reconcile an account in QuickBooks Online. It also explains how to change previous reconciliations in QuickBooks.

Stay in touch with me if you need anything else by commenting below. I'm always glad to help you.