Thanks for following this thread, DigitalM.
With this, I suggest consulting an accountant to get advised what account to use when categorizing the transactions.
Regarding with your second question, you can create subaccounts in QuickBooks Online to keep your chart of accounts organized.
Here's how:
1. Click Accounting from the left navigation menu.
2. Make sure Chart of Accounts is selected at the top of the page.
3. Select the green New button in the top right corner.
4. Enter all necessary information, and then check the box labeled "Is sub-account" and choose the parent account.
5. Click Save and Close.
I've also added these resources to help you manage the chart of accounts in QuickBooks Online:
Fill me in anytime you need assistance with using QuickBooks. I'm always here to help. Take care always.
