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How to Record Bank Overdraft Protection on QBO
How do I set up an account to record our business Bank Overdraft Protection? It is not a line of credit. Our bank puts the money into our bank account to cover the insufficient amount. As soon as we make deposits the bank takes the funds back in a lump sum including their interest charge. The interest charge appears on our bank statement but is hidden in the QBO bank feed. How do I also account for the interest charge? I appreciate any help at all!!! Thank you in advance!
Solved! Go to Solution.
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