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Created by AgExpert Support
Created on Aug 13, 2017

Disqus Agexpert Accounting Questions Archive

I see in the 2017 Version of Ag Experts there is a bank account #1102 set up for the FCC Crop Input Financing Program. I know of this financing program with FCC. But don't quite know why it is set up as a bank account when it is an actually a loan with FCC. Can you explain how this works?

  • ADMIN RESPONSE
    Feb 10, 2025

    That is an account that you would have created, maybe accidentally - it is not a default account in any version of AgExpert Analyst.
    If I wanted to treat the account as something like a Lind of Credit instead of a Loan I would set it up under liabilities as type "Credit Card" This would allow me to transfer money in and out of the account with transaction type Bank Transfer and also let me post Withdrawals directly to the account.
    If account 1102 does not have a balance on it then I would delete it and set it up again under your liabilities tab.

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