I want to add a fourth account which is a business bank loan but when I go to add an account the only options which come up are “Savings Account” , “Cash Account” or “Current or Credit Card Account”
I am not sure what you expect here. A bank loan account works more or less like a current or credit card account, doesn’t it ? You will most likely have specific costs linked to its usage, so if the question is whether the software would take this automatically into account, to my knowledge the answer is no, but others may correct me of course.
Regards,
Marc
Thanks for responding and good question. Yes it is similar to another account but if it had a negative balance money could be transferred between accounts for tracking purposes. Yes you are correct you can just add another account and call it a loan account. You would then have to adjust the balance manually it you wanted to for example transfer money from your main business account to your loan account to reduce money owing if that makes sense?
Not a major crisis. It was more if the feature could be enabled I would do so. I could not see any way of doing it simply.
Update: I just created another account and put in a negative balance. You can do that. It was too simple for me! Sorry Marc my mistake. I feel a bit silly…