Hi carnall,

Welcome and thanks for getting help with creating an account for your principal payment transactions.

I'll share the steps to create an account. However, I'm unable to suggest which account type should you choose. Your accountant is the best person to answer that.

1. Go to the Lists menu, then select Chart of Accounts.
2. From the Account ▼dropdown, select New.
3. Select an account type, then select Continue.
4. Complete the account details.
5. Select Save & Close.
   
   

Here's an article for your additional reference: Add, edit, or delete accounts in QuickBooks Desktop.

Let me know if you need more help with your accounts. Have a good one!