Recording a bill payment from a loan account (Liability)

BelleM
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Recording a bill payment from a loan account (Liability)

Hi,

 

Trying to work out if it is possible to record a payment from a Liability account such as a Directors Loan account? The only option I have is to pick an Asset account, however the payments have not been made from the Business bank account.

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Trevor_H
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Valued Partner
Australia
Valued Partner

198Posts

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Re: Recording a bill payment from a loan account (Liability)

Hi @BelleM 

 

Set the 'Loan Account' type, in the Chart of Accounts to Credit Card and it will become available as a payment source in the various screens (spend money, pay bills etc).

 

 

Trevor

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