Open equity biseness account

Welcome to the Community, @johntaz.

I'd be glad to guide you in setting up Equity Accounts in QuickBooks Online (QBO).

Here's how:

1. Go to Gear Icon, and select Chart of Accounts.
2. Click New.
3. Find the Equity under the Account Type.
4. Select your Detailed Type.
5. Fill in the Name, Number, and Description.
6. Enter Opening Balance.
7. Click Save and close. 

I'm adding this reference that'll help you understand your account and its transaction history which breaks down how much money you have or owe: Learn about the chart of accounts.

Please don't hesitate to leave a comment below, if you have further questions about opening equity accounts or other QBO-related concerns. I'll be happy to assist you.