I assigned my Business Card as a Credit card as there is no cheque option. All payments are via bank account. But shows up as a double negative now.

Greetings!

Let me help you clear things up about the Bank balance and QuickBooks Balance.

It seems that you have posted twice in this forum, and one of our colleagues has provided a helpful suggestion. Kindly click the following link to be taken to my colleague's response to the original post: https://quickbooks.intuit.com/learn-support/en-za/banking/re-can-my-bank-account-be-labeled-wrong-an...

Additionally, to help you manage your bank transactions, you can read these articles:

• Set up bank rules to categorise online banking transactions in QuickBooks Online.
• Categorise and match online bank transactions in QuickBooks Online.

Please don't hesitate to reach out if you need assistance managing your bank transactions in QuickBooks. You are welcome to visit us anytime or leave a comment below.

This is actually quite frustrating and it feels like there isn't really attention being paid to what I am actually asking. Or, I am really bad at expressing the issue.

My Bank Account Statement Matches Quickbooks Online 100%.

Expenses are categorised as expenses and shows as expenses in Chart of accounts.

Income is categorised and also shows as income in Chart of Accounts.

The "Quickbooks Balance" shows as a negative total in CA(Chart of Accounts) 

The "Bank Balance" shows as a Positive in CA.

Example:

Quickbooks Balance: -10,171.33
Bank Balance: + 10,171.33

Bank Statement Balance(From Physical Bank Account) +R10,171.33

Conclusion. Everything matches.

Issue:
When reconciling, the amount that varies should be R0.00. Correct?
But

When I reconcile the amount is Double the Statement exactly. R20342.66

R10,171.33 + R10,171.33 = R20342.66

R10,171.33 x 2 = R20342.66

When I connected my account I was only given Credit Card as an option. And so I chose that.

Now, my question is: Is it possible that my original account assignment could have an impact variance?