Posted 3/19/2017 18:51 (#5910064 - in reply to #5909854) Subject: RE: How to create a Farm Credit Line of Credit account in Quickbooks?
Western EC Iowa
Looking at mine now, it is set up as a Bank Account. When I have a positive balance, theirs is negative and vice versa. So, when you get your monthly statement, if theirs is -$100,000, you enter $100,000 when you reconcile. A little backwards in that regard, but incredibly convenient to never have to transfer money. Wouldn't want it any other way.