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Good day, @jason104.

In QuickBooks Online (QBO), we can create a new equity account on your Chart of Account to record the latest 2021 covid-19. Then, you can enter the opening balance by making a journal entry or bank deposit.

I'll guide you how:

1. Go to the Accounting menu, and then choose Chart of Accounts.

2. Click the New button at the right top.

3. From the Account Type drop-down arrow, choose Equity.

4. Choose the Detail Type, and then enter the Name.

5. Hit Save and Close.

I've also added our Employees and payroll taxes page. It provides an article that might help you navigate your account and answer you're How do I question in QuickBooks.

Let me know if there's anything else at all I can do for you. Take care.