Ive just added a business line of credit from jan 1 2024 and it had an existing balance of 9,000... how do I enter starting bal? What category if I do a journal entry?

Hi there, @guidinggreenthumbs. Thanks for joining us here in the QuickBooks Community. 

Let me help you through the process of creating a Journal Entry (JE) to edit the starting balance of the Lines of Credit (LOC) account you've set up in QuickBooks Online (QBO).  

You can follow these steps to edit the starting amount of the LOC account:

1. In your QBO account, go to the +New button.
2. Select Journal Entry.
3. Enter January 1, 2024, for the date of the JE. 
4. On the first line, choose the Opening balance equity account. On the second line, choose the LOC account you've created. I'd also encourage collaborating with your accountant in choosing the correct accounts for the entry.
5. Debit the opening balance equity account for $9000 and credit the LOC liability account for the same amount.
6. Add a note in the Description field so you know what the journal entry is for.
7. Select Save and close.
8. Go to the Chart of accounts.
9. Find the LOC account you've set up and select View register from the Action column.
10. Search for the journal entry you just created. Select it to expand the view.
11. Select the box in the checkmark column until you see an R. This reconciles the journal entry.
    
12. When you're done, select Save.

After this, you can make a payment by creating an expense or check, ensuring splitting the expense between principal and interest in the category details. 

For future reference, let me add this article about categorizing the expenses when they come into your bank feed: Categorize online bank transactions in QuickBooks Online.

You're always welcome in the Community should you need further assistance managing opening balances in QBO. We're committed to offering ongoing support. Take care.

@guidinggreenthumbs 

Where did the $9K go when it was drawn from the LOC?  If it was deposited into your bank account, then that bank account should be the debit entry to the credit entry to the LOC when making a journal entry.