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Accounting4076
Level 1

One of my M&T Bank Accounts is a Line of Credit Account, which is classified as an Other Current Liability account. How can I add it to the connected accounts?

 
2 Comments 2
Rustler
Level 15

One of my M&T Bank Accounts is a Line of Credit Account, which is classified as an Other Current Liability account. How can I add it to the connected accounts?

You can not add a liability account to a connection.

BettyJaneB
QuickBooks Team

One of my M&T Bank Accounts is a Line of Credit Account, which is classified as an Other Current Liability account. How can I add it to the connected accounts?

Hello there, @Accounting4076.

 

Allow me to provide insights regarding connecting a line of credit account in QuickBooks Online.

 

At this time, the system doesn't support a line of credit type of account. That said, being able to connect a liability account through the bank isn't available. QuickBooks Online only allows you to link the savings, checking, and credit card accounts.

 

However, to get your work done, you can create a credit card account and label it as a line of credit. The credit card works the same way as the liability account. With this, you can connect it to QuickBooks since it is supported and will let you add transactions in the system.

 

To guide you in the process of connecting your account in QBO, please refer to this link: Learn how to add your bank and credit card accounts to automatically download your recent transactio...

 

I'm also sharing these articles below to guide you in categorizing your bank transactions and tracking a line of credit entries in QuickBooks:

I got your back if you have any other concerns. I'll make sure you're all set. Have a good one!

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