Hello - I am not an accountant by any means. I am trying to do my own books for a small business and need help with how to record items. I have taken out a kabbage loan from time to time. How should I be recording this in quickbooks? The money comes into my account as a lump sum and I pay it back over a few months with interest.
If you have one account at Kabbage and it acts as a revolving line of credit you could track it as if it were a credit card. You would post "cc" charges to it with the detail line being your bank account.