Creating a bank deposit slip adds to the income side of Profit & Loss. How do I prevent this?

Let me share some information about Profit and Loss and creating bank deposit slips in QuickBooks Online (QBO), @a1stove.

Creating a bank deposit in QBO does not directly affect the Profit & Loss statement. The deposit transaction is recorded in the balance sheet, not the income statement.

Moreover, you can browse these articles to learn how to get the most out of your financial data: Customize reports in QuickBooks Online. 

Feel free to let me know if you have any other questions about Profit and Loss. Remember, we're here to help.

Thank you for the response, my issue is that when I create a bank deposit it is directly affecting the profit and loss statement.  The deposit transaction is being automatically recorded on the profit and loss statement. How do I change this? It is making the profit side to the statement larger than it should be.

It's great to hear from you again, a1stove. I would be happy to assist you with your query regarding the transaction reflected on the Profit and Loss Statement report. 

In QuickBooks Online (QBO), if a deposit impacts your income account, it will appear on the Profit and Loss Statement report. 

To confirm this, you can click on the deposit amount on the report, which will take you to the Transaction report, where you can check the account used.

If you categorized the deposit incorrectly, I recommend editing it to the appropriate account so it won't affect the income to your Profit and loss report.

1. Open the bank deposit.
2. In the Add funds to this deposit section, go to the Account column and change the associated account. 
3. Click Save and close.

In case some transactions can't be found on the report, you can check out this article as a guide on what to do: Find the missing income and expense transactions in your Profit and Loss report.

To help you with the account reconciliation process, I suggest checking out this article: Reconcile an account in QuickBooks Online. It provides best practices to follow during reconciliation and also offers solutions to the challenges that you may face during the process. It's a great resource to keep handy for future reference.

If you have further questions about your Profit and Loss Statement report, let me know by commenting below, a1stove. I'll be here to answer them for you.

When I create a bank deposit slip, I want only the slip. I don't want the deposit slip amount to show on my Profit and Loss report because it is overstating my income. What am I doing when I create a bank deposit slip that I shouldn't be doing?  How do I prevent this? thank you