I have a Loan that I am paying back. It is current as of the start of the financial year. SO I would be setting it up as a opening balance with the amount.

1. I would like to be able to set it up so I can make direct transfer of payment against the liability. IE Make payments straight from my business account to pay back the loan.

I have tried all the recommended liability accounts, however none are able to do this as they do not show up in accounts I can transfer too.

To make it work, do I need to setup the account as a " Other Current Liability"?

As I have not been able to find an article on which is for what?

Also, In terms of Credit / Debit. With the money owing, do I setup the opening liability balance as a Credit or a Debit?