Your problem is here:
-> Nested Loop Left Join (cost=0.00..22871.67 rows=1 width=16) (actual time=1025.396..221266.357 rows=2593 loops=1)
Join Filter: ("inner".orig_acct_payment_fk = "outer".acct_account_transaction_id)
Filter: ("inner".link_type IS NULL)
-> Seq Scan on acct_account_transaction t (cost=0.00..18222.98 rows=1 width=16) (actual time=949.081..976.432 rows=2596 loops=1)
Filter: ((("type")::text = 'debit'::text) AND ((transaction_status)::text = 'active'::text) AND (date_effective >= '2012-03-01'::date) AND (date_effective
Seq Scan on acct_payment_link l (cost=0.00..4648.68 rows=1 width=15) (actual time=1.073..84.610 rows=169 loops=2596)
Filter: ((link_type)::text ~~ 'return_%'::text)
He expects to find 1 row in acct_account_transaction, while she will find 2596 and similarly for another table.
You didn't mention your version of postgres (can you?), But this should do the trick:
SELECT DISTINCT
t.date_effective,
t.acct_account_transaction_id,
p.method,
t.amount,
c.business_name,
t.amount
FROM
contact c inner join contact_role on (c.contact_id=contact_role.contact_fk and contact_role.exchange_fk=74),
acct_account a, acct_payment p,
acct_account_transaction t
WHERE
p.acct_account_transaction_fk=t.acct_account_transaction_id
and t.type = 'debit'
and transaction_status = 'active'
and p.method != 'trade'
and t.date_effective >= '2012-03-01'
and t.date_effective < (date '2012-03-01' + interval '1 month')
and c.contact_id=a.contact_fk and a.acct_account_id = t.acct_account_fk
and not exists(
select * from acct_payment_link l
where orig_acct_payment_fk == acct_account_transaction_id
and link_type like 'return_%'
)
ORDER BY
t.date_effective DESC
Also, try setting the appropriate statistics for the respective columns. Friendly Guide Link: http://www.postgresql.org/docs/current/static/sql-altertable.html
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