Since this is a newly created company, you still have to create a purchase bill for the Accounts Payable Creditors to show in the Account drop-down or in the chart of accounts. You also have the option to set up the account in QBO. I can guide you through the process to add it.
Here’s how:
Tap the Accounting menu on the left panel to select Chart of Accounts.
Hit the New button to open the Account screen.
From there, click the Account Type drop-down and choose Accounts Payable (Creditors).
Then, select the correct category in the Detail Type drop-down.
Type a term that will easily identify the account in the Name field.
Fill in the remaining boxes.
Click Save and Close.
Now that we’ve added the account, you can start creating a journal voucher. Check out these articles for more insights about setting up accounts and entering a journal entry.