Thanks for joining this conversation, @K-M-SVirtual.

Since the organization you're working with doesn't use classes and locations feature to track designated funds/groups, then yes! You can use Journal Entry (JE) to allocate them to the correct expense and income accounts.

Before doing so, I highly suggest consulting your accountant or accounting professional for guidance on which account receives the debit and credit side of the transaction.

Here's to create a JE:

1. Go to the +New icon at the top left to get to the Journal Entry. 
2. Enter the necessary information, then hit Save and close.

I'll add this article for more information: Create a journal entry.

After that, pull up the Transaction Detail by Account and filter it by JE to track the entries you've recorded. Here's how:

1. Go to the Reports menu at the left pane to get to the Standard reports tab. 
2. Type Transaction Detail by Account in the search bar then hit enter. 
3. Click the Customize option at the top right. 
4. On the Filter section, pick Journal Entry in the Transaction Type drop-down.
5. Select Run report. 

Just in case, I'll add these articles for future reference:

• Run reports.
• Customize your reports in QuickBooks Online.

Reach out to me in the comment section below if you have any other issues or concerns, and I'll get back to you right away. I'll be here to assist. Have a wonderful day!