QB Issue Resolution:
In accounting it is a bank type account
you borrow say 100, that is posted as a deposit to this bank type account and the offsetting entry posts to a liability account
then you pay for things from the bank type account
Resolution for Issue 'How do you treat the Cash credit loan account from bank? it is neither a credit card nor a Current account. we receive the payment and make payments from this account.' available: Yes (Solved).
Source: Intuit Community forum.
How do you treat the Cash credit loan account from bank? it is neither a credit card nor a Current account. we receive the payment and make payments from this account.: 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 type account
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Error Recovery for bank type account [Canada]
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