Business Advice Blog - I Have An Open Line Of Credit For My Business. Where Do I Record The Balance In Quickbooks?

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I Have An Open Line Of Credit For My Business. Where Do I Record The Balance In Quickbooks?

Related entries:Business Credit Help

Tags:Balance, Business, Credit, Have, Line, Open, Quickbooks, Record, Where

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?

2 Responses to “I Have An Open Line Of Credit For My Business. Where Do I Record The Balance In Quickbooks?”

qb_guru_ Says:
August 31st, 2009 at 7:20 pm
Take a look at this discussion in the QuickBooks Community Forums…http://www.quickbooksgroup.com/webx/foru…
looneygu Says:
August 31st, 2009 at 7:20 pm
It should be posted on Account Payable

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