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Expense not showing up on P&L

Have 2 different business accounts. Acct 1 received a electronic Income deposit intended for Acct 2. Recorded income on Acct 1. On Acct 1 transferred $ to Acct 2 recording as a expense. The P & L on Acct 1 does not show the expense item . The category for the expense item is listed . Why not showing on P&L for Acct 1?

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Answers

  • volvogirl
    volvogirl SuperUser ✭✭✭✭
    A transfer is neither income or expense.  A transfer does not have a Category.  The other account is the category.  See if you can customize your report to include Transfers.
  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    Or delete the transfer and enter the deposit in the account where it should have gone.
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  • volvogirl
    volvogirl SuperUser ✭✭✭✭
    That probably won't work or be right if they actually received the deposit in the wrong account.  Was it really deposited into the wrong account at the bank or just in Quicken?
  • Lanaj36
    Lanaj36 Member
    Deposited in wrong account
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