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H
howie2
November 27, 2019
Question

When I view Account History in Chart Of Accounts transactions show as Increase/Decrease. Also credit balance liabilities show as positive. How to have it as debit/credit

  • November 27, 2019
  • 16 replies
  • 14 views
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    16 replies

    H
    howie2Author
    November 27, 2019

    When I view Account History in Chart Of Accounts all of the transactions show in columns under Increases/Decreases. How do I instead have it read as debits/credits?

     

    For example, a shareholder loan account that I've lent money to the company. This should show as a credit transaction to the shareholder account and a negative balance. However, in Quickbooks, it comes in as an "increase" and also a positive balance in the account history.

      K
      knewk227
      March 24, 2021

      I completely agree. It's absolutely ridiculous that we can't get normal accounting verbage from what is supposed to be an accounting program.

        C
        CM-FMPM
        January 6, 2022

        Hi knewk227,

         

        I can see where you're coming from, and I get that anyone familiar with debits and credits would rather see what they know. QuickBooks has tried to make the program easy enough for people with no accounting background to use. Support asks you to provide feedback because those suggestions go to the program developers, the people who make the changes to the program. We also pass along the feedback we receive. QuickBooks is constantly evolving and changing. The updates that happen are based on what the product development teams think is the greatest need based on the responses from users like you. So, thank you for providing feedback.


        I'm also super annoyed by this.  And was hoping there was a way to update the view.  Reading the comments it appears that this issue is not getting any traction.  If you are trying to make it easier for people who don't know the difference between debits and credits, then WHY would you have the words debits and credits on the journal entry?  Oh yeah because that's how you adjust the accounts by debits and credits.  ALSO anyone without accounting background is NOT going to know how to enter a basic journal entry to impact the accounts in the way they desire since the journal is laid out as debits and credits and the GL is listed as Increase and Decrease or Payment and Deposit.  This is silly and at the very least if you want to dumb it down, then put both words in the header. 

        Example on a cash account:    Payment/Debit       Deposit/Credit

        Example on an asset account: Decrease/Debit      Increate/Credit

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