[GNC] Operating Checking Account in Overdraft

[Adrien Monteleone]

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 <m2urray at 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.com at gnucash.org> on behalf of Adrien Monteleone <adrien.monteleone at lusfiber.net>
> Sent: Tuesday, July 31, 2018 8:27:56 PM
> To: gnucash-user at 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&data=02%7C01%7C%7C515f228f7c224b489b5508d5f6bfe28d%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636686226361982728&sdata=F61HAIH4HaSzOgE9PAwG2Kzl5A7HvwuOEqerwILneso%3D&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 <m2urray at 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&data=02%7C01%7C%7C515f228f7c224b489b5508d5f6bfe28d%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636686226361982728&sdata=ca0gwt%2BvAPLOS9ib7c%2BnffbaRcX8Mspfxb4s6JO6hbE%3D&reserved=0>
> > 
> > _______________________________________________
> > gnucash-user mailing list
> > gnucash-user at gnucash.org
> > To update your subscription preferences or to unsubscribe:
> > https://eur04.safelinks.protection.outlook.com/?url=https%3A%2F%2Flists.gnucash.org%2Fmailman%2Flistinfo%2Fgnucash-user&data=02%7C01%7C%7C515f228f7c224b489b5508d5f6bfe28d%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636686226361982728&sdata=t%2FOeotd%2FgHdUxPHWFCFhKhiMRBk0Lu0kjkMutTERyAk%3D&reserved=0
> > If you are using Nabble or Gmane, please see https://eur04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwiki.gnucash.org%2Fwiki%2FMailing_Lists&data=02%7C01%7C%7C515f228f7c224b489b5508d5f6bfe28d%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636686226361982728&sdata=%2FQhGJ3TPLUWYU8jAFBV6l1igmLNxAaLD1v1CLEZlJ1k%3D&reserved=0 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.
> > 
> 
> 
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://eur04.safelinks.protection.outlook.com/?url=https%3A%2F%2Flists.gnucash.org%2Fmailman%2Flistinfo%2Fgnucash-user&data=02%7C01%7C%7C515f228f7c224b489b5508d5f6bfe28d%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636686226361982728&sdata=t%2FOeotd%2FgHdUxPHWFCFhKhiMRBk0Lu0kjkMutTERyAk%3D&reserved=0
> If you are using Nabble or Gmane, please see https://eur04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwiki.gnucash.org%2Fwiki%2FMailing_Lists&data=02%7C01%7C%7C515f228f7c224b489b5508d5f6bfe28d%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636686226361982728&sdata=%2FQhGJ3TPLUWYU8jAFBV6l1igmLNxAaLD1v1CLEZlJ1k%3D&reserved=0 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.