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jenniferduffinsc
Level 1

Money market account = how to categorize

I recently got a business money market account through Fidelity.

When I sync my transactions and go to import them, it shows the money market re-investments as negative dollar amounts and wants me to specify a category.  But I don't think there is one - the money is staying in the account, but QB thinks it's going somewhere else.  Maybe I'm setting this up incorrectly?

Sorry this is probably super lame and specific only to me but I'm not even sure where to start to ask anyone anywhere. Thank you for any help you can provide!!!

Solved
Best answer October 07, 2024

Best Answers
Rainflurry
Level 15

Money market account = how to categorize

@jenniferduffinsc 

 

It's not a lame question at all.  The interest earned on a MMA is income so the proper category would be your Interest Income (Other income) account.  

View solution in original post

2 Comments 2
Rainflurry
Level 15

Money market account = how to categorize

@jenniferduffinsc 

 

It's not a lame question at all.  The interest earned on a MMA is income so the proper category would be your Interest Income (Other income) account.  

jenniferduffinsc
Level 1

Money market account = how to categorize

Thank you!

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