Credit Card balance shown as a positive figure when it should be negative
Hi there,
I have made purchases on my credit card. I have to import the transactions, and, as per the instructions, set the expenses to a - and payments I make to pay off the card as a + . Note: this same problem happens when importing QIF files.
What happens is that the expenditure is correctly marked as a withdrawal, and me paying off the card is marked as a deposit.
However, int he Zoho dashboard, the card is given a positive balance instead of negative. Currently, I have £740 waiting to be paid off. But Zoho marks this as a positive. Surely it should be negative?
Further, in the Chart of Accounts recent transactions, it marks my expenditure as "credits" instead of "debits".
How can I correct this so expenditure on credit cards is shown as a negative figure instead of positive?