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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.

        T
        Tammy_H
        April 1, 2021

        I just started using QB and the increase/decrease is very confusing after years of using debit/credits and knowing exactly what that means; it's like speaking a different language.


        Hi kisselmartinllc,

         

        Thank you for providing your feedback, and welcome to the QuickBooks family. I can appreciate where you're coming from. Sometimes there's a learning curve when starting something new. QuickBooks Online tries to keep it simple for everyone. I'd like to point you to my colleague's Post further up in this thread.

         

        LauraAB goes into detail on how the program works and how to input feedback. Keep in mind that QuickBooks knows that your Asset accounts are debit accounts and Liability and Equity accounts are credit accounts and create your entries for you. 

         

        We do recognize the importance of input from those that use the program. Your input allows our product development team to know what's working and what can be improved.

         

        If you have any questions regarding the program I'd be happy to answer them. Have a good day!

         

         

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