How do I enter a negative amount in a journal entry? When I enter a negative amount it changes it to a positive.

Let me elaborate some accounting terminologies, lgordon1.

A journal entry is created for every transaction in your business, each account is either debited or credited. A debit will always be a positive number, while credit will always be a negative number. Whenever you record an accounting transaction, one account is debited and another account is credited. In addition, the amount of the debit must equal the amount of the credit. This is called double-entry bookkeeping. You'll want to make sure to correctly record the amount.

Also, In JE the Debit and Credit posting amount will determine the negative and positive effect on your reports or amount. The total of the debits and credits in a journal entry will always balance to zero.  This ensures that you have recorded all aspects of the transaction appropriately.

For more information and reference, please check these helpful links about accounting: Reports And Accounting In QuickBooks Online.

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