posted
Above is a screenshot of my business checking. The very bottom line dated 04/07/2023 for $2429.64 and on 04/10/2023 for $287.32 ("checking reserve transfer") are checking reserve advances, which is our overdraft protection that the bank automatically transfers (deposits) into our account to cover when we overdraw. Those two transactions are what the bank transferred to cover. On 04/11/2023 the bank took back the amounts borrowed and basically paid themselves back, they charge interest as well that I couldn't fit on the screenshot ($4.04). My problem is that all these transactions are showing as the exact same thing, all deposits, even our payment back to the bank, when that should be a payment or expense? (I'm still pretty new to QBO and am learning how to navigate this confusing system!) How can I fix this to show that they transferred those amounts and then we paid them back plus interest payment, shouldn't these transactions be in opposite columns to basically cancel each other out? Hopefully this isn't too confusing and I greatly appreciate any attempts to help me get this resolved!! Thank you!
