Can my bank account be labeled wrong. And show as a negative income?
Ex:
"Real Bank Balance" +100
"Bank Balance" - 100.00
"In Quickbooks" - 100.00
Recon as - 200.00
I assigned my Business Card as a Credit card as there is no cheque option. All payments are via bank account. Everything balances to the last cent. But shows up as a double negative now.
Can my bank account be labeled wrong. And show as a negative income? Example: "Actual Bank Balance" +100
-As seen on QBO: "Bank Balance" - 100.00 "In Quickbooks" - 100.00 "Recon" as - 200.00