Welcome back to the Community, @Jonnybegood
I agree with Rainflurry, you can use or set up a bank account to track your Checking, Savings, and Money Market accounts. With this, I’ll help you with setting this up so you can begin with entering and tracking this type of transactions:
- From the left navigation pane, select the Accounting menu.
- Select the Chart of Accounts tab, and click the New button.
- From the Account type, select Banks.
- In the Save account under section, select the option where you want to post the transactions.
- Enter the Account Name, Description, and the Starting date and opening balance.
- Lastly, click Save.
I also recommend you seek advice from your accountant to guide you further with setting up the bank account in QuickBooks Online.
Once done, you can reconcile your account to balance this and ensure that your books are accurate.
You can always drop by if you have further questions about banking transactions. The Community is always pleased to assist you. Have a good one!
