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U
usertom
November 5, 2020
Question

Expense Deleted From Short Term Borrowings

  • November 5, 2020
  • 1 reply
  • 0 views
Hello, I have accidentally deleted an expense that was part of my Current Liabilities (i loaned the business money from own account to get started in august) I have been paying back the loan and the figure is coming down that is owed, however now i have accidentally deleted the expense, the figure outstanding on chart of accounts un der the current liabilities section is now a minus figure I have tried to re-enter the expense but neither QBO or the app wont let me select the current liabilities account as i assume its in minus figures ? I really need to get the expense added back into the current liabilites account, any help please ? Tom

1 reply

G
GeorgiaC
November 5, 2020

Hi Tom,

 

Thanks for the detailed explanation there. You can record expense transactions to liability accounts whether the account has a positive or negative balance, so this shouldn't be causing an issue. Do you receive a specific error message when you do try to save this?

 

On the expense, are you selecting the liability account under 'Category' on the category details line? 

 

 

 

 

U
usertomAuthor
November 5, 2020

Hello

 

thanks for coming back to me, the problem I have is that it won’t let me select the payment account as the short term liabilities one, just before I emailed you it was showing in the drop down list and then when I hit save it wouldn’t go through and kept asking for an account

 

hope you can help

 

thanks

 

tom

 

 

A
Ashleigh1
November 5, 2020

Hello Usertom, 

 

Thanks for that information and trying, could you send us a screenshot please of the whole page so we can have a visual of what is happening to you?

 

Thanks 

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