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Yes, you are correct. Using this method, you can upload your cash and personal credit card purchases. Before you proceed, please ensure you have the correct CSV format. For more information, see this article: Format CSV files in Excel to get bank transactions into QuickBooks.
I've also included this resource to help you resolve some errors when importing transactions into QuickBooks Online: Common errors for importing bank transactions using CSV.
In addition, check out this resource for a comprehensive guide to ensuring your QuickBooks balance matches your bank or credit card statement balance: Reconcile an account in QuickBooks Online.
Don't hesitate to post again if you have further questions about managing your records in QuickBooks. Have a great day.