Best way to organize accounts

[Cam Ellison]

eschvoca wrote:
> Thanks for the clarification.  One more question.  I have a "line of
> credit" account which also functions as my checking account (I rarely
> have a positive balance).  Since I want to use my downloaded statement
> (which has a credit balance) then should I set this account up as a
> liability?

In a word: no.  The fact that you have a negative balance does not make 
it a liability.  It is a source of funds, not a sink.

Cam


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Cam Ellison, Ph.D. R.Psych. #1417

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