9000 Interest Expense
Interest paid on loans, credit cards and lines of credit. An "other expense", below operating expenses.
In Solo Superstars
Line-of-credit statement imports split interest out of each payment into this account automatically; card interest is categorized here on import.
Example
$20 interest on a line-of-credit payment: debit 9000 20.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- interest paid
- finance charges
Related
- Line of credit — A bank facility you draw on and repay. Tracked as a liability bank account; statement payments split into principal, interest and fees.
- 2410 Line of Credit — The outstanding principal on a revolving business line of credit. A liability that goes up when you draw and down when you repay.
- Chart of accounts — The list of buckets your money can be sorted into: assets, liabilities, equity, revenue, expenses. New workspaces start with a default set you can rename or extend.
- Default chart — The chart of accounts every new workspace starts with, numbered the way QuickBooks users expect. Yours may have been renamed or extended since.