I want to mark a transaction as a 'transfer' from my LOC to another bank account. Typically, this means setting up a bank account to show what account it transferred from. However, I am not finding anything that looks like it correctly labels the account that way. How should I do this in QB?
A LOC is a liability account. Set it up as an Other Current Liability account. Then, when you draw on the LOC, make a transfer (New > Transfer) from the LOC to your bank account.
A LOC is a liability account. Set it up as an Other Current Liability account. Then, when you draw on the LOC, make a transfer (New > Transfer) from the LOC to your bank account.
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