Hi lcg6944,
Welcome to Community! Recording your transactions accurately, in QuickBooks Online, ensures well balanced books. In your situation, I recommend speaking with an accounting professional. They'll be happy to provide their expertise and best course of action. If you don't have an accountant, we can help you locate a ProAdvisor in your local area.
If you have any other questions, feel free to reach back out. We would be glad to help!