Line of credit Bank connection

Since you have already connected your line of credit as a bank account to QuickBooks Online (QBO), @user73, I can share with you how you can classify them in the application.

From that instance, you can categorise or classify them based on what's available in the application. Worry less. I'll elaborate on how this works.

When connecting your bank, QuickBooks will automatically download your transactions to the For Review tab and suggest categories based on how similar the transactions are to the category. If you prefer to assign a different one, we can review and change it by following the steps below:

1. Go to the Transactions tab and select Bank Transactions.
2. In the For Review section, tap each transaction you want to correct to expand.
3. Choose a category under the Account section and enter additional details about the entry.
4. After that, click Add to put them to the correct account.

Also, if the bank finds a match to what's already entered in QuickBooks, you'll have the option to match or view multiple matches for it.

Moreover, you can drill down the Choose the right category dropdown to view available categories for income and expenses. If you're unsure, you can scroll down to the Other categorisation actions section to see other options about categorising your transactions properly in this article: Categorise online bank transactions in QuickBooks Online.

If you have your preferred way of classifying them, can you share how you want it to do in the application? This way, we can help or guide you in managing your entries.

Furthermore, keep your records accurate by reconciling your account. That way, any possible discrepancies can easily be determined.

This thread is always open for your reply to be head of your banking concerns. The Community always has your back. Stay safe!