Hi thepippin!

The presence of a Charity Funds account on the QuickBooks Online (QBO) balance sheet can be a result of selecting the tax form for a Nonprofit organization in the settings. Alternatively, it could be created if you have previously used that specific tax form. QuickBooks automatically generates this account to align with the requirements of the selected tax form and to facilitate accurate financial tracking for nonprofit organizations.

If you notice an amount displayed in the "Charity Funds" account on the Balance Sheet, you can click on that amount to access the corresponding transactions that have contributed to it. This will allow you to review the transactions and verify if any corrections are needed, such as adjusting the accounts assigned to the items used in those transactions.

If you have any further concerns or questions regarding the account you see on your Balance Sheet, please don't hesitate to reach out. I'm here to assist you and provide ongoing support.