Should my main bank account be cash and cash equivalents under account type in chart of accounts?

My main goal is to ensure you can set up your bank main bank account correctly, info-uberbatt. I'll share some details and the necessary steps to achieve this task.

In QuickBooks Online (QBO), the Cash and Cash Equivalents (International versions) and Bank (US version) account types serve the same purpose, which represents your checking or current accounts where you track transactions from your main business bank accounts.

When adding your primary bank account, select Cash and Cash Equivalents. Here's how:

1. Go to Transactions and then select Chart of Accounts (Take me there).
2. Click New.
3. In the Account Type drop-down menu, choose Cash and Cash Equivalents.
4. In the Detail Type drop-down list, select Bank.
5. Give your new account a name. 
6. Add a description.
7. Choose when you want to start tracking your finances. In the Balance field, enter the amount and add the as of date.
8. Once done, click Save and Close.

For more details about the process, please see this article: Add an account to your chart of accounts in QuickBooks Online.

QBO also allows you to connect your bank and credit card accounts. Then, the transactions automatically download and categorise by the system. It'll help you save time updating your bank feeds by only reviewing and approving them.

I'm with you every step of the way if you have more questions about creating and managing your accounts in QBO. Please don't hesitate to get back on this thread.