I purchased a kitchen for our business, and paid for it with the kitchen companies finance company Barclays.
So I created a created a loan account with no opening balance.
I then created a purchase and applied a payment from the loan account to cover the invoice.
In the account it shows a minus balance, but on the chart of accounts it shows the loan as a positive balance. Im guessing I’ve done something wrong but the accounts transaction list looks fine.
Shouldnt the nominal account show the loan as a deficit?