I am trying to record incoming bank interest as "other income", but on the P&L account it just shows as income. Why is that?

I'll explain why your incoming bank interest recorded as "Other Income" shows up as "Income" on the Profit and Loss report, Ian.

When you record bank interest as "Other Income" in QuickBooks, it still gets grouped under the broader "Income" category on the P&L report. QuickBooks combines all types of income such as sales, interest, and other income into one section to keep the report tidy and easy to read.

Even though you chose "Other Income" for your bank interest, QuickBooks doesn’t show it separately on the P&L unless you customize the report.

Here’s how you can see "Other Income" by itself:

1. Go to Reports and open the Profit and Loss report.
2. Click Customize Report.
3. Under rows or columns, select Account details. This will show each income account separately, including "Other Income."

Let us know if there's anything else we can assist you with.