Is there a way to make a bank account show an overdraft? E.g I’ve imported our Natwest bank statement for one of our accounts but it shows as minus on quickfile because the overdraft facility on that account is not factored in. My OCD can’t handle the statement on quickfile not matching the bank feed any ideas?
From an accounting perspective the overdraft has no real relevance. If an account is in the negative, even if it’s within an agreed overdraft, it’s still an accounting liability.