Why Aren’t Bank Accounts Appearing in the Payment Method Dropdown When Applying Payments?

Applying Payments to Income Accounts in QuickBooks

QuickBooks only allows payments to be applied to accounts categorized as Income. If an account is not currently set as an Income account, it must be updated before applying payments. This can be done quickly by following these steps:

1. Log in to the QuickBooks account.

2. Navigate to Accounting in the left-hand menu, then select Chart of Accounts.

3. In the Action column next to the account to be updated, click the triangle icon and select Edit.

4. Update the Account Type and Detail Type to reflect an Income account.

5. Click Save and Close.

6. When prompted, confirm the change by selecting Yes.

This ensures that payments can be properly recorded and associated with the correct account type.