Are you using a .iif file, then?

Because the .qbo file treats them as Checks and deposits.

For debits and credits, Deposits will Debit a bank account and Checks will credit a bank account; that is the Accounting Perspective, as opposed to the consumer’s view. .iif will give the Accounting perspective.

Resolution for 'Checks and deposits issue: 'When downloading bank transactions, columns are labeled Increase and Decrease. Deposits are going to the decrease column and purchases are going to the increase column.' available: Yes.

The Checks and deposits issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the Checks and deposits issue yourself by looking for a resolution described in the article. If it is a complex Checks and deposits issue or you are unable to solve the issue, you may contact us by clicking here or by using other Checks and deposits support options.

For more information about resolving issues related to Checks and deposits in Quickbooks/QBO or to get support for the issue 'When downloading bank transactions, columns are labeled Increase and Decrease. Deposits are going to the decrease column and purchases are going to the increase column.', click the link below: