Hi --
The business I use Quickbooks for is being funded by a line of credit. Each month I make draws on the line of credit. There is an interest rate being charged as I draw from the line. Although I am tracking separately how much interest I owe, I am not sure how to log the interest accrued on Quickbooks. My first instinct would be a debit to interest expense and a credit to accrued interest, but that doesn't seem like it is an option. Please let me know how to best utilize the program to accurate report the accrued interest. Thank you
