No, it is a loan. A LOC is a loan with zero balance until you tap it. Then it is just money in and money out. The only time equity would be involved is if the LOC is in the private domain of an owner or partner and not a […]

Resolution for 'called 9021 issue: 'I need help assigning to an account. Our business gets an advance from a line of credit, called 9021, and then we pay this amount back. Is this equity?' available: Yes.

The called 9021 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 called 9021 issue yourself by looking for a resolution described in the article. If it is a complex called 9021 issue or you are unable to solve the issue, you may contact us by clicking here or by using other called 9021 support options.

For more information about resolving issues related to called 9021 in Quickbooks/QBO or to get support for the issue 'I need help assigning to an account. Our business gets an advance from a line of credit, called 9021, and then we pay this amount back. Is this equity?', click the link below: