I have set-up a line-of-credit account as a liability so that it's correctly reflected in my balance sheet. However, I have a bank feed set-up for this account and there appears to be noway to attach a bank feed to a liability account. I'm a bit confused.
That's a good option Kevin. However, even if I do that, if I want to be able to have people pay their invoices into the line-of-credit account, that's not possible. Invoices can only be paid into a BANK account. I could always set-up the line-of-credit as a bank account with a negative balance - not the neatest solution as it will skew the balance sheet.
I'm going to set it up as a BANK account with a negative balance. I need the invoicing function and bank feed functions and I can't get either when it's a liability. If it's a credit card, I can get the bank feed but not the invoicing function. (by invoicing I mean Reckon only allows payment into a BANK account).