how do I setup a deferred compensation account

It sounds like you need to set up a liability account. It will not show up on your profit and loss but will show up on your balance sheet. 

Thanks for replying. I did setup a long term liability account but it "demanded" an account to be debited. How do I set it up without the debit?

I'm not sure where the deferred compensation is coming from, you can post an example and I can try to help you figure it out.  

Maybe add an opening balance or create a bill and put it into the liability account.  This does not require a bank debit. 

The opening balance set at $1,000. Deferred compensation $100,000 set as a long term liability account - credited, the opening balance account debited. Now I have a negative opening balance of $99,000. Is it possible NOT to debit any account and still show the deferred compensation? Thanks for helping!