Line of credit

Glad to have you here in the Community, ohbeebee.

You'll want to create a deposit to pay off the old line of credit and leave the 25,000 dollar available credit. To do so, enter the new line of credit (50,000 dollar) on the fist line of your deposit transaction followed by the old line of credit (-25,000 dollar).

Here's how:

1. Go to Banking and choose Make Deposit.
   
2. Choose the bank you want the amounts to be deposited from the Deposit To drop-down and the Date.
3. Enter the new line of credit (50000) to the first line. Then, the old line of credit as negative (-25000) on the next line.
4. Click Save & Close.
   

I've got you a guide to learn more about recording deposits in QuickBooks: Record and make Bank Deposits in QuickBooks Desktop.

Don't hesitate to visit us again if you have additional questions with making deposits. I'm always here to help.

Ok well I was wrong, we dont want to show the open available amount. We are just basically opening the new line and paying off the old, so does that mean I create liability accounts for any new, then do the journal entries with the balances,  ones paid off and bringing it to the new account??

Thanks for coming back to us, @ohbeebee. Yes, you can create a new liability account to post the $25,000. However, this will show as a new open balance. 

Since you don't want to show the available open amount, I'd recommend you contact your accountant to help you with the proper ways on how to deal with it. 

For future reference, read this help article: Manually track loans. It also includes steps on setting up a liability account and recording the loan amount. 

Let me know if you have additional questions, @ohbeebee. I'm always around to help you some more.