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Cafe Biz 618
Level 2

Quickbook Payment Sales Chart of Accounts

Whenever I make a sale w/Quickboooks Payment, it automatically goes into my Quickbook Payment Sales chart of account.  I don't want it to go into that account, I want it to go into a different income chart of account.  When I change it, it throws me out of balance.  Do anyone know how to fix this.

 

Thanks

Solved
Best answer August 04, 2020

Best Answers
MaryLurleenM
Moderator

Quickbook Payment Sales Chart of Accounts

I got you covered, Cafe Biz 618.

 

The reason why it throws off your balance is because of the old transactions. When you changed the income account, it only affects the transactions moving forward. Thus, the old transactions remains on the old account. 

 

You'll want to create a journal entry to correct the balance. To do this, I recommend reaching out to your accountant to make sure you're using the right accounts.

 

Here's an article for reference: Create a journal entry in QuickBooks Online

 

I'll be right here if you have additional questions.

View solution in original post

2 Comments
MaryLurleenM
Moderator

Quickbook Payment Sales Chart of Accounts

I got you covered, Cafe Biz 618.

 

The reason why it throws off your balance is because of the old transactions. When you changed the income account, it only affects the transactions moving forward. Thus, the old transactions remains on the old account. 

 

You'll want to create a journal entry to correct the balance. To do this, I recommend reaching out to your accountant to make sure you're using the right accounts.

 

Here's an article for reference: Create a journal entry in QuickBooks Online

 

I'll be right here if you have additional questions.

View solution in original post

Cafe Biz 618
Level 2

Quickbook Payment Sales Chart of Accounts

Thank you!

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