Hi,
I'm finding that I have to import statements for each of my loans, I have 3, plus my mastercard.
It would really save me a lot of time if I could set up a Bank Feed for my Loan Accoun...
Hi Tyalgum,
Sorry about the delaying in replying, have you then found the best way to handle the past transactions?
Generally speaking, if you have entered an opening balance of the new credit card account, then the old asset account should be made inactive. You can also record a journal entry to move the balance from the asset account to the credit card account then continue from there, however if you wish to move all transactions from the old account to the new one it will be a manual process.
It is best to check with your accountant to see what is the best option for your business.