Can anyone explain why the transaction detail by account report shows debit as deposits and credit as payments?
I am doing a “Transaction Detail by Account” report and the first set of data, which is the bank account data shows the income amounts (undeposited funds) as debits, and shows the payment to vendors amounts as credits. This is only the case for the bank accounts, not the expense or income accounts. Can anyone explain why Quickbooks report for the bank shows up this way? I would appreciate it. Thank you.