• From: UK
  • Registered: 10/02/2012
  • Posts: 146

Topic: Cash account payment OD error

Hi

I need urgent help on how to remove OD limit on cash account. I am setting up new system and doing payment entries first. when I post a payment from cash I am getting error "The bank transaction would result in exceed of authorized overdraft limit for transaction: # on 09/01/2013." Please suggest where is this limit set.

Thanks

  • joe
  • Administrator
  • Offline
  • Registered: 03/15/2007
  • Posts: 5,107

Re: Cash account payment OD error

If this is a cash account, it can not go negative. Please set it to another type, or put some money into the cash account.

Joe

  • From: New Zealand, Auckland
  • Registered: 10/15/2011
  • Posts: 40

Re: Cash account payment OD error

Hi Joe
I think it would be good to have the option to let the account go overdrawn. I've found it a little frustrating when entering data out of sequence to find that a multi-entry payment is rejected because there is no cash in the account because I had not put in the deposits first.

  • From: Canada, BC, Lantzville
  • Registered: 01/07/2013
  • Posts: 135

Re: Cash account payment OD error

@AlastairR:  While I understand your frustration (it bugs the heck out of me too, sometimes!), I also understand the locig of not allowing a cash account to go overdrawn.  Cash is cash!  While you're pocket/wallet can be empty, it can't have a negative amount of "cash" in it!  It's just not physically possible!

As Joe said, this only applies to accounts where the type has been set to "Cash" so setting it to anything else will solve the can't-be-negative problem.

Regards,

Chris

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