QuickBooks Payments is available at an additional cost. Learn more and apply.
If you create an account for error transactions processed by QuickBooks Payments, keeping track of these error transactions will be much easier because they will be in a separate account that you specify. If you don't create and specify an account, QuickBooks creates an account named Credit Card Receivables of the type Other current assets.
When QuickBooks encounters a Payments account error, it moves the transaction to the specified account. QuickBooks moves the transaction back to the original account when the error is fixed.
Don't leave the field for the account blank. If you don't want to use a separate account for error transactions, choose the same account that you use to deposit transactions processed by the Payments service.