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Brittanyxo1
Level 3

Profit & Loss

Hello Community! 

 

I use QB Online. My Profit & Loss shows a negative number. The number is interest paid to me from my "quickbooks checking account". I am sure everyone already knows the interest paid is because I charged a customer and put it in the "quickbooks checking" and we incur interest that way. When I click the negative number the Transaction report comes up. The "transaction type" says "deposit" The "name" is "quickbooks payments" the "memo" is "interest paid" then it says split and below that is the negative number. I am assuming its categorized wrong or something simple that I am not seeing because my bank account is off that exact amount. I apologize in advance if this is confusing. Any help would be appreciated! 

 

Thanks so much! 

4 Comments 4
Brittanyxo1
Level 3

Profit & Loss

Nevermind! I finally figured it out after 2 days! All I had to do was change the account type to the actual bank account it came from. 

JessT
Moderator

Profit & Loss

Good afternoon, Brittanyxo1!

 

I'm glad you figured it out. Yes, you can just change the bank account in this case.

 

If you want to check some articles about QuickBooks Payments, just go to the main support page, scroll down a bit, and click More Topics.

 

Feel free to reach back out if you have other concerns about Payments or anything about QuickBooks Online. Take care and have a good one!

Brittanyxo1
Level 3

Profit & Loss

Thank you for the info JessT!

GebelAlainaM
QuickBooks Team

Profit & Loss

Thank you for the update, @Brittanyxo1.
 

We'll be pleased to provide you with the information you need to address your issues.
 

Please contact us if you have any additional questions or require QuickBooks assistance. At all times, we'll be there for you. Have a wonderful day!

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