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hello everyone and fellow business owners and anyone who might be watching this video I am Christie van Pei and i own a company called prosperity bookkeeping and oftentimes we get questions from people who are doing their own books how do I record a line of credit on my books or if they dont ask the question we do a review of their books and we see that sometimes they put it on the books incorrectly and it works for them they dont necessarily know that its not right but when we go to reconcile the account we see that it just needs a few little tweaks here and there so I thought because were in a time right now where people are getting loans for trying to hold their businesses over through this crisis that this may may be a good time to do a video on how to properly record a line of credit on your books so that being said well dive right in Im using a sample company here and I am doing this in QuickBooks Online however you can do this in almost all accounting software so there sho
