cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
NEW Connect to DBS IDEAL direct bank feeds Click here
info-edubuild-de
Level 1

How do i know what account type to use?

Something's not quite right You need to select a different type of account for this transaction.
1 Comment 1
Charies_M
Moderator

How do i know what account type to use?

Welcome to the QuickBooks Community, info-edubuild-de.

 

The error message you're getting occurs if you selected and incorrect Payment account when creating a transaction, example Expense.

 

In the sample screenshot below, you can't use a Current asset as the Account Type for an expense transaction. Instead, use a Cash and cash equivalents or Credit card.

 

 

If you're not sure which account to use, I suggest consulting your accountant. They can help guide and provide expert advise to make sure everything is accurate. Once you selected a different account, the error should no longer show up

 

I've got your back if you need more help. I'm always happy to lend a hand. Have a good one.