Bank accounts as Liabilities

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RK50
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RK50
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Bank accounts as Liabilities

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?

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Ultimate User gavin12345
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gavin12345
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Re: Bank accounts as Liabilities

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
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Cover User
Australia
RK50
Cover User

2Posts

1Kudos

0Solutions

Re: Bank accounts as Liabilities

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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