Your welcome, but please always reply to or copy the list so others can benefit 
from the conversation.

Regards,
Adrien


> On Aug 2, 2018, at 2:16 AM, Murray Field <m2ur...@outlook.com> wrote:
> 
> Thank you for your response.
> 
> I have sent an email to the Australian and New Zealand Chartered Accountants 
> asking them the question.
> 
> I will let you know what they say.
> 
> Kind Regards,
> 
> Murray 
> 
> 
> 
> Get Outlook for Android
> 
> From: gnucash-user <gnucash-user-bounces+m2urray=outlook....@gnucash.org> on 
> behalf of Adrien Monteleone <adrien.montele...@lusfiber.net>
> Sent: Tuesday, July 31, 2018 8:27:56 PM
> To: gnucash-user@gnucash.org
> Subject: Re: [GNC] Operating Checking Account in Overdraft
>  
> 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: 
> https://eur04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fsimplestudies.com%2Faccounting_for_bank_and_book_overdrafts_and_their_cash_flow_presentation.html&amp;data=02%7C01%7C%7C515f228f7c224b489b5508d5f6bfe28d%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636686226361982728&amp;sdata=F61HAIH4HaSzOgE9PAwG2Kzl5A7HvwuOEqerwILneso%3D&amp;reserved=0
> 
> 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://eur04.safelinks.protection.outlook.com/?url=https%3A%2F%2Faka.ms%2Fghei36&amp;data=02%7C01%7C%7C515f228f7c224b489b5508d5f6bfe28d%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636686226361982728&amp;sdata=ca0gwt%2BvAPLOS9ib7c%2BnffbaRcX8Mspfxb4s6JO6hbE%3D&amp;reserved=0>
> > 
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