cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
NEW Connect to DBS IDEAL direct bank feeds Click here
accounts352
Level 1

How to create OD Bank account in quick books? Which one is to be selected in Details Type under Bank?

 
1 Comment 1
RenjolynC
QuickBooks Team

How to create OD Bank account in quick books? Which one is to be selected in Details Type under Bank?

I'd like to help, accounts352.

 

If you're trying to create an overdraft account for your bank, it is considered a current liability which is generally expected to be paid within months. In some cases, businesses treat a bank overdraft in the balance sheet as an asset or an expense, if you're going to pay back and reverse the overdraft quickly.

 

To create the account, here's how:

 

  1. Go to AccountingChart of Accounts.
  2. Select New.
  3. From the Account Type drop-down menu, choose Other Current Liabilities.
  4. From the Detail Type drop-down menu, select Line of Credit.
  5. (Optional) Change the account name.
  6. Hit Save and Close.

Here's a sample screenshot for a visual reference:

 

 

For more details and the steps to create an expense, you can read this article: Set up and track a line of credit.

 

On the other hand, if you want to add a bank account and connect it to online banking, you can check out this article: Connect bank and credit card accounts to QuickBooks Online.

 

Please let me know if you're referring to something else. I'm always here to help. Take care!