Other Questions

I'm happy to see you here on the Community page, @user70999.

To track a line of credit in QuickBooks Online (QBO), you have to set up two accounts for principal and an expense account for interest.

To set up an account for the principle:

1. Select Chart of Accounts from the Gear icon.
2. On the Chart of Accounts page, tap on New.
3. From the Account Type drop-down menu, select Other Current Liabilities.
4. Choose Line of Credit from the Detail Type drop-down.
5. Add the name of the account.
6. Hit on Save and close.

To set up an expense account for interest:

1. Go to the Gear icon, then Chart of Accounts.
2. Choose New.
3. Select Expenses from the Account Type and Interest Paid from the Detail Type.
4. (Optional) Change the account name.
5. Select Save and Close.

Once completed, you can now record your line of credit. To achieve the process seamlessly, you can check this article for your reference: Set up and track a line of credit.

Drop a comment below if you have any other questions. I'm always here available to help. Have a great day ahead!