I have an open line of credit for my business. Where do I record the balance in quickbooks?

May 21, 2010 2 Comments

I made a deposit from the line of credit to the business bank account to purchase fixed assets.In what account do I post transactions to the credit line and the interest?

Take a look at this discussion in the QuickBooks Community Forums…

http://www.quickbooksgroup.com/webx/forums/Banking/338/0

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2 Responses to “I have an open line of credit for my business. Where do I record the balance in quickbooks?”

  1. looneygurlinsf May 22, 2010 at 12:33 am

    It should be posted on Account Payable
    References :

  2. qb_guru_steve May 22, 2010 at 1:00 am

    Take a look at this discussion in the QuickBooks Community Forums…
    http://www.quickbooksgroup.com/webx/forums/Banking/338/0
    References :
    Get the most out of QuickBooks.
    Join other users in the QuickBooks Community Forum at:
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