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Register Mode: Account types in QuickBooks vs. at your financial institution

In QuickBooks, a few account types represent several account types at your financial institution.

Account type at financial institution

Account type in QuickBooks

checking

bank

savings

bank

money market

bank

line of credit

bank

credit card

credit card

line of credit

other current liability

To set up a direct connection between your financial institution and QuickBooks, you need to know how the financial institution classifies your account, not how QuickBooks does. Example

For example, a line of credit from your financial institution will be set up as an Other Current Liability account in QuickBooks.

The Account Type for the online service is Line of Credit since your financial institution uses that classification.

If you're not sure how your financial institution classifies your account, contact them for this information.

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