Swampwog
Contributing Cover User
More often than not a business loan is either linked to a mortgage, or it has a redraw facility. Therefore, although a loan is a liability, and a six year facility is a long term liability, it is still a transaction account which requires reconcilliation.
MYOB AR+ does not allow me to choose a long term liability account from the drop down menu to ling the bank feed to the account.
Is there a workaround?
David_Cree
6 years agoUltimate Partner
Hello Swampwog
To enable the account to be linked simply change the Account Type to 'Credit Card'.
By doing this the Liability Account can be linked and reconciled.
Cheers
David
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