Other Questions

Thanks for joining this thread, @stockmgr. I'll share some information about the account and detail types in QuickBooks Online (QBO).

You can select the Other current liabilities under the Detail Type of an account. The detail types provide more details on what you can track with each account type. They make it simple to set up accounts corresponding to the many transactions you input into QuickBooks.

On the other hand, if you want to track your line of credit and proceed to set up a liability account for the principle, follow these steps:

1. Go to the Gear icon, then select Chart of Accounts.
2. Click the New button.
3. From the Account Type dropdown menu, choose Current Liabilities.
4. Choose Line of Credit from the Detail Type dropdown.
5. Change the account name if you want.
6. Select Save and close.
   

For the complete process of tracking a line of credit in QBO, please refer to this article: Set up and track a line of credit in QuickBooks Online.

Don't hesitate to visit this thread again if you have additional questions about handling accounts in QBO. I'll get back to help and ensure you're taken care of. Have a good one!