Hello, @Barrym64.
Since the money is from a loan, you can set up a liability account in QuickBooks Online to transfer your fund from your checking to liability account to record the loan and its payments.
To transfer funds, here’s how.
1. Select + New.
2. Under Other, select Transfer.
3. From the Transfer Funds From the drop-down list, select the bank account that the funds are coming out of.
4. From the Transfer Funds To drop-down list, select the bank account the funds are being deposited into.
5. In the Transfer Amount field, enter the amount being transferred.
6. Edit the Date.
7. (Optional) Enter a description of the transfer in the Memo field.
8. Select Save and close or Save and new.
You may refer to this article for additional information about transferring funds in QuickBooks Online. Transfer funds between accounts.
Also, you can check this article on how to transfer funds from credit card account to bank. Transfer funds from a bank to a credit card account.
Please let me know if you need anything else. Thanks!
