WHen doing a 50 credit journal entry to a gl account labelled"other current liability" I expect the balance to go from -200 to -250 but it goes from -200 to -150??Why?

I'll help ensure you'll be able to get the correct balance when recording a journal entry in QuickBooks Online (QBO), @unit618.

An accounting journal entry is the written record of a business transaction in a double-entry accounting system. Every entry contains an equal debit and credit along with the names of the accounts, description of the transaction, and date of the business event.

A debit is an accounting entry that either increases an asset or expense account and decreases a liability or equity account. On the other hand, the credit increases a liability or equity account or decreases an asset and expense account.

The problem you've encountered may happen if the amount isn't entered to the correct accounting entry (debit or credit). As of now, I'd recommend re-checking the journal entry created and ensure to enter the amount to the correct debit or credit.

You may also check this article to understand more the ways debits and credits work and the basic functions behind transactions and what to expect when entering them: How accounts are affected by debits and credits.

Don't hesitate to add a comment below if you have any other questions about recording a journal in QBO. I'm always happy to assist however I can.

Thank you for your response.  I checked my journal entry and it is a credit so I expected it to increase the liability balance not decrease it.( balance -200 + -50 = -250 not -150

As all my entries for this company are journal entries, all of the other chart of accounts are working fine, it is just the other current liability ones where the balance is reversing itself.  I am looking for a solution to this.  I have mainly loans and 2 payable accounts labelled other current liability.  Should they be reclassified to ???

Hello unit618,

Thanks for the follow up with what's going on for this particular journal entry. I want to make sure you're able to get to the bottom of what's happening with this journal entry. One suggestion I have is to try recreating the journal entry to see if the problem occurs again. If so, feel free to reach out to our support teams for further assistance. Our phone support team, for instance, can use a screen share session to take a closer look at what's going on and let you know the next steps to take.

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