In the general ledger. £6,000 is a bank loan, Why is it shown as positive £6,000, whereas it is a credit balance and should be negative?

Good day, @paul32.

A bank deposit towards a liability account increases the credit balance, hence the positive amount. Applying a payment to it decreases your company’s payables.

Creating a money out transaction debits the liability and credits the bank. Both reduce the balance on the affected accounts. This will show as a negative amount in your report.

I’m adding this article for reference: Record a loan and its repayment.

If you have any questions or clarifications, let me know in the comment section. I’ll be happy to assist you further. Have a good one!