QB Issue Resolution:
a line of credit is borrowing money, so the payment has to be split, part of it goes to interest expense and the remainder goes to pay down the line of credit
you can fix this with a journal entry for the amount of interest paid
debit interest expense, credit the line of credit account, back date to the payment date
Resolution for Issue 'Bank Transaction and Line of Credit transaction' available: Yes (Solved).
Source: Intuit Community forum.
Bank Transaction and Line of Credit transaction: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for bank transaction
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Error Recovery for bank transaction [Canada]
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