How do you set up an overdraft facility??

[Michael DeBusk]

Mark Cogley wrote:

> Im new to this double entry system, How do you set up an overdraft 
> facility, is this possible, as I have one on my bank account.

My bank has overdraft protection as a loan account; seperate account
number and all. I just set up an account for it as:

Liabilities:BankName:Overdraft

Some banks will pull money from a savings account. You can treat that as
a transfer like any other.

-- 
()  ascii ribbon campaign     * against html e-mail
/\  www.asciiribbon.org       * against proprietary attachments
Home: http://nlphilia.com     * Blog: http://nlphilia.net
Registered Linux User #450983 * Ubuntu Counter Project #10548