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Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll

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Ivan_G
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Thanks for providing such detailed information about your concern, DecaturInvestor. I'm here to share why checking and credit card accounts have positive and negative values. Then, lay out the report that meets your needs.

 

Expenses under your checking account were treated as negative entries because it reduces your overall cash balance. Meanwhile, credit card expenses are treated as liabilities, making them appear as positive values on your reports.

 

That said, your transactions on the checking account will show on most of your reports as negative numbers regardless of the account's balance. As an alternative, we can pull up the Profit and Loss by Tag Group report to show the data tracked by tag as positive values:

 

  1. Go to the Reports menu.
  2. Enter and select Profit and Loss by Tag Group on the Find report by name search bar.
  3. Pick the correct tag and then click the amount of the total expense.
  4. Modify the Report period and add filters to the report as needed.
  5. Hit Run report.

 

Finally, you may customize your report according to your preference and save the modifications to smoothen your experience when reviewing them going forward.

 

Tag me on this thread if you have follow-up questions about your accounts and their transactions or whenever you need assistance managing your reports. I'll be sure to help you promptly.

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