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In this video tutorial, Christie van Pei from Prosperity Bookkeeping addresses the common issue of incorrectly recording a line of credit in accounting books. She emphasizes the importance of proper recording, especially during the current crisis when businesses are taking out loans. Using a sample company in QuickBooks Online, she demonstrates how to accurately record a line of credit in accounting software, highlighting the necessary tweaks for reconciliation. This tutorial can be applied to most accounting software programs.
