Now let's make sure the account in QuickBooks matches your real-life bank or credit card account. Choose when you want to start tracking your finances. In the Unpaid Balance field, enter the amount in the account, and determine the as of date. Enter today's date if you want to start tracking immediately.
When you're done, select Save and Close.
As for what account to use I recommend reaching out to your accountant as they are trained to know which one to use. If you don't currently have an accountant don't worry, we can help you with this. You can go to My Accountant>Find a pro to help to find an accountant in your area to help.