How do I record an overdraft in QuickBooks?

How do I record an overdraft in QuickBooks?

Today we will tell you how do I record an overdraft in QuickBooks? We will know about this in detail.

What Is Quickbooks?

Quickbooks is a software that has made it easy for small business to big business, who are small traders or big traders, they used to have a lot of problem to manage their account but quickbooks software has made it very easy, this software is very easy. It is simple and everyone will run this software. With many features in this software, today we will talk about one such feature that How do I record an overdraft in QuickBooks?

How do I record an overdraft in QuickBooks?

It is very easy and you will complete the process by following the instructions given by us

1. First you open Quickbooks Account

2. Then you go to the Accounting option from the left menu.

3. After that you select the chart of accounts.

4. After selecting the chart of accounts, you click on the option of New.

5. Select Expense from the Account Type drop-down.

6. After that you select the interest paid from the Detail Type drop-down.

7, Now enter you account name, such as interest paid from Overdraft Limit.

8. And then click on the Save and Close button in the last.