On Tuesday, 31 July 2018 08:14:14 BST Murray Field 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
Hi, welcome to the list. I would create the bank account as an asset and let it have a negative balance. That way, your view of the account will match the Bank's view... (running balance when overdrawn is a negative number) As Adrien said, a local accountant will know your local regulations and norms and may be able to advise - I'm not an accountant.... but if this is for personal (not buisness) records, there is normally a lot of leeway in what you can do, as long as you are consistent! 0.02 Maf. _______________________________________________ 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.
