Hi there,
Running your business with QuickBooks Online means you'll save tons of time and effort with your business bookkeeping. Like most small businesses, there's a wide variety of transactions that you'll need to enter into your accounting program, such as overdraft occurrences. I'd be happy to explain how you can reflect this in your books.
Since there's no interest involved in the transaction, it's much simpler to reflect in QBO. Interest charges can go hand-in-hand with bank fees, which need a special account in order to track them.
Since your real-life bank account shows the money being taken from your credit card and placed in the bank account, you can use the Transfer tool to demonstrate this in QuickBooks Online. For more information about how this works, check out this helpful article: Transfer funds between accounts.
As explained in the article, "if both accounts appear in your Chart of Accounts (they usually do), you must enter the transfer as one transaction that affects both accounts, rather than entering a cheque in one account and a deposit in the other."
I hope this helps get you back on track.
Take care.
