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A
asm212
October 2, 2022
Question

HELOC Payment Entries coming into QBO as POSITIVES (Debit)

  • October 2, 2022
  • 1 reply
  • 0 views

Does anyone else have a PNC Heloc that they have linked to QBO? the bank sends the payments to QBO as a debit.  So my credit entry is suppose to be interest expense or accounts payable but if I record that as a credit it will reduce the expense and I need it to increase the expense.

 

so i guess the solution you will give me is to import the transactions in manually and bring them in as credits, then what do i do with all this year when it has already been imported as positives? i've been categorzing as interest expense and just realized that my interest expense is going down not up!

 

PNC has really messed this up.  stupid bank.

1 reply

L
LeizylM
October 2, 2022

Good day, asm212. 

 

I'll make sure you can fix the HELOC Payment Entries coming into QuickBooks Online (QBO).

 

Categorizing the transactions to their correct accounts will help you fix the expense to increase. For us to resolve this, let's re-import them again into the program using a CSV file. Then, exclude the incorrect transactions posted on the banking page. 

 

Here's how to exclude transactions:

 

  1. On the Banking page, put a checkmark on the box of duplicate transactions.
  2. Click the Batch actions drop-down menu.
  3. Select Exclude Selected.

 

The excluded transactions are listed on the Excluded tab for reference or review. You may find this article handy to learn more about the process of excluding downloaded transactions in QBO.

 

When everything looks good, you might want to read these resources for references. These contain details on how to seamlessly match your transactions and reconcile your accounts:

 

 

Keep me posted if you have any follow-up questions about re-importing transactions in QBO. I'm always here to help. Take care and have a great day. 

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