Yes, in that case, NCIS. Since the parent account conducts its transactions and receives payments in QuickBooks Online (QBO).

To handle this efficiently, you can utilize the Classes or Locations feature in QBO to effectively track and distinguish transactions of the parent account from its subaccounts.

Also, consider setting up recurring transactions if regular payments or bills are related to the parent account. Automating this can save time and minimize manual entry errors.

Moreover, always ensure to double-check the data for accuracy after entries.

Furthermore, to simplify linking it to your bank and matching up downloaded transactions in QuickBooks Online. Visit this article to know more about the setup: About bank or credit card subaccount setup.

Once everything is in order, you can start reconciling the parent account using your statement.

Inform us below if you have more questions or require further assistance managing transactions in QuickBooks Online.