Liability account

True!  I knew we would be owing the money to someone in the future so I set it aside to reserve it in the liability account.  Guess that was my first mistake.  I'll try to undo what I've done and just use the savings account to track until we actually start using the funds.  

My suggestions are:

First: you need to verify where you record the initial fund. (If you record some amount in an account different in the type of the transaction you will see a negative sign with the amount in the financial statement and it is a good point of starting)

Second: Go to report and run a General Ledger in the Accountant Report option, and in it, you can see all transactions associated with every account. It is the best way where the funds to be allocated. Once you find the amount that you need to reallocate, you should create a reversal journal entry in order to move the fund to the correct account. Be careful with the date. 

Third: If you are unable to find the wrong transaction (and the difference is not a big amount), just make an adjustment journal entry and explain what happens with the original records and update the balance in the bank account

I hope my answer helps you

if a company has several car loans would that6 be a liability or an asset