Interesting question, but this really would be for a local CPA who’s familiar with rules and laws for your jurisdiction to answer. You may find some general guidance on the web for the basic situation and what accounts it will involve. Here’s something that might be helpful: http://simplestudies.com/accounting_for_bank_and_book_overdrafts_and_their_cash_flow_presentation.html
Once you know where it should be classified, if you need help doing this in GnuCash, someone here can help. Regards, Adrien > On Jul 31, 2018, at 2:14 AM, Murray Field <m2ur...@outlook.com> wrote: > > Hi, > > We have a permanent overdraft with our bank and we operate our account > fluctuating within the overdraft limit approved. > > How should this be classified in gnucash? > > As an asset, a liability or something else? We could not find any reference > to our situation in your guide which we have downloaded. > > We are potential new users. > > Kind Regards, > > Murray and Yvonne Field > > > Get Outlook for Android<https://aka.ms/ghei36> > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
