Forum Message

Bank Overdraft

I have an overdraft from the bank, how would you enter this in SA


Posted by Stewart on Sep 6, 2009 3:25 PM BST

Hi Stewart,

If you are using your bank's overdraft facility (ie. you owe the bank money) this will be shown as a negative balance on the Cheque Account. If you aren't using the overdraft facility, it will not be reflected in the accounts.

Cheers


Posted by Mark McLaren (Solar Accounts) on Sep 7, 2009 9:17 AM BST