When do I use cash and cash equivalents as opposed to bank current

Hi there, @info-loughwellfa. 

Let me share some information about your concern. 

The terms in QBO may vary depending on your country.

For US QuickBooks Online accounts, the term Bank is used in the Chart of Accounts. On the other hand, Cash and Cash equivalents are the Account Type for non-US accounts.

You can choose Cash and Cash equivalents under the Detail Type when setting up a new account. This type represents your checking account.

Here's how:

1. Click Accounting in the left panel.
2. Choose Chart of Accounts.
3. Select the New button in the upper right-hand corner.
4. Under Account Type select Cash and Cash Equivalents.
5. Under Detail Type, select Cash and Cash equivalents.
6. Enter the Name, Description, and Balance.
7. Click Save and Close.

Please stay in touch if you need anything else. Thanks.