If there is a schedule for outstanding loans or liabilities, you might notice an itemized transaction that is either negative or represents a child transaction of the outstanding obligation. You might be wondering why these transactions are showing up when you should only be seeing unpaid bills or outstanding loans.
What are parent/child transactions? Let's consider a loan as an example parent transaction. You receive a bank loan for $1000. Child transactions are any transactions that affect the status of the parent, in this case the $1000 loan. Loan repayment and loan forgiveness transactions change the outstanding balance of the parent and are thus child transactions.