Knowing the right way to set up your Chart of Accounts can give you an advantage when it comes to keeping track of your transactions. QuickBooks is a powerful program that enables you to seamlessly bring your financials into focus. I'll be happy to steer you in the right direction.
I hear what you're saying, beankeeping2017, and I want to make sure you get the information you need to complete this setup. I can clarify what's been mentioned here so far so you know the direction to take to get on track with this in QuickBooks Online.
As members of the QuickBooks Team, my colleague who originally responded to you and I are able to guide you through something like how to create an account in the Chart of Accounts, but we can't advise on what accounts to create or what the best setup would be. We have training in the product, but not bookkeeping training, which is why at this point it's best to speak with another accounting or bookkeeping professional for advice. You may find another QuickBooks users could reply to this thread, but for more immediate assistance, consulting your colleagues or others in the field is the best course of action.
It's important to us that you or your clients' books are configured for accurate and easy tracking. I hope this helps shed some light on the direction you've been given so far. Have a great week!