QuickBooks Online (QBO) uses a standard method of accounting. However, you can set up the Chart of Accounts based on your preferred method. To be sure with the whole setup, I suggest reaching out to your accountant for more expert advice.
We also have a place were you can get insights from a pro-advisor or specialist. They can share some tips on what's the best way to set this up in QuickBooks.
Here are the instructions on how to get in touch with them: