Why does all my invoices appear in the bank account as negative?

[mwieder]

Hi,

Why does all my invoices appear in the bank account as negative? As soon as I enter a new invoice the invoice will then add a negative balance into my bank register account even though I will apply the payments to a different account. Because I will divide the payment from my customer into 2 parts for instance if I paid for labor on the customer I will apply the labor charge first to be paid out of the payment off the customer and the rest will go into my bank account. But by doing so my bank account will always show me a negative balance because the full invoice is entered as a negative and when I apply the deposit funds to this account it will only remove some of the invoice since the rest I paid the labor charge.

Feel free to email me if you don’t understand the question.

Any help is greatly appreciated!

Thanks,

-MW
mw@nuinet.com

[johnm]

You need a new accountant who can answer your questions.
Go to the item list. These items are sales items and sales tax items. Edit each item for the account. For sales items, this should be an income account from your chart of accounts. For sales tax, this should show "Sales tax payable" account.

[mwieder]

I figured it out my self a week ago the reason I had this wrong is since with MS Money you associate all incomes with a bank and the software auto deducts all expenses from all invoices and the posts the income in the bank vs. QB you have to do it the long way since it will not do any auto stuff all must be manually.

Anyway thanks for replying..