Why is the "Charge" amount subtracted from "Balance" when it should instead be added?

Question

For a Credit account, Payments should reduce Balance and Charges should increase Balance. Why is the reverse happening?

splasher · Answer

Another suggestion is to not show the Amount column and only use the Charge and Payment columns.

NotACPA · Answer

Your Opening Balance seems to be in the wrong column.  You're showing it as a payment, which creates a positive balance in the credit account.

Credit/Liability type accounts normally have negative balances (indicating that you OWE) money.  Change that OB transaction to the Charge column and I believe that things will resolve themselves.