1) The inability for QBO to support linked lines of credit is, simply put, not acceptable. If QBO can support linked credit card accounts, it can support linked current liability accounts. QBO should support linked financial accounts of ANY type.
2) Your reply does not make any sense. How is a transaction related to the line of credit getting into Quickbooks in the first place? Two examples...
- A draw is taken against a line of credit, and the bank deposits the requested funds into a deposit account that is linked with the company's QBO.
- Payment is made from a line of credit to a vendor. In this case the company does not receive any funds; rather, funds are transferred from the bank providing credit directly to a third party.
Please provide instructions on how to properly record transactions with the two scenarios provided above.
