Bank imported records
Chase_Lunn16
Member Posts: 2
My imported Deposits show as debit and my withdrawl show as credits. They need to be reversed Can you help.
0
Chase_Lunn16
Member Posts: 2
My imported Deposits show as debit and my withdrawl show as credits. They need to be reversed Can you help.
Comments
when should I expect a response?
Hey @Chase_Lunn16 !
There might be some confusion occurring here. Happy to bring some clarity to this. In general, when accounting for asset accounts, debits will be used to represent deposits into your account while credits will be used to represent withdrawals. For liability accounts (like credit cards), debits will be used to represent payments to the account while credits will be used to represent expenses.
We also have a great Help Center article that sheds light on this. Feel free to check it out here:
I hope this helps shed some light on this.