Solved: Bank accounts as Liabilities

RK50 · July

I want my bank overdraft account and my bank loan account to show as Liabilities so my Balance Sheet shows the correct classifications. How should I set these up in Account Right? It seems that I can only set up a bank account as a Current Asset?

gavin12345 · July

Hi @RK50

To use a Liability account as a bank account, set it to Credit Card. The account will then appear on the relevant drop down lists such as Spend Money etc.

Regards

Gavin

RK50 · July

Thanks Gavin,

Dpesn't seem like an elegant solution to me but if that's the only way to do it I'll go with that.

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Bank accounts as Liabilities

Bank accounts as Liabilities

Bank accounts as Liabilities

Re: Bank accounts as Liabilities

Re: Bank accounts as Liabilities

Re: Bank accounts as Liabilities

Re: Bank accounts as Liabilities

Liabilities

Is it possible to set up an account for a "personal" bank account (not an asset or liability)?

problem reconcilling transfers between my bank accounts

Online bank feeds.