Thanks for visiting the QuickBooks forum, @Jensen2426,
It's nice to have you here.
You don't have worry if you mistype a Payment Method description in QuickBooks Online. You can simply edit it with the correct name and you're good to go! For your guide, follow the steps below:
- At the top of your QBO file, click the Gear icon. You will see it beside the notification bell.
- Choose All Lists from the options.
- Pick Payment Methods.
- Find the one you created earlier and click the drop-down arrow beside Run report.
- Click on Edit, then input the correct Name.

- Once done, hit Save.

I'm also including some Resource Guides and tutorials to help your way around QuickBooks:
You also have me if you need anything else about the program. Leave another message below or mention me on your posts. Have a lovely day!