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Experienced Member

I use undeposited funds in Quickbooks Mac Desktop. I want a Profit and Loss Statement to show my deposit to my bank. But no income appears

 
3 Comments
QuickBooks Team

Re: I use undeposited funds in Quickbooks Mac Desktop. I want a Profit and Loss Statement to show...

Hi there, @Stanleyp.

 

You’ll still need to record a bank deposit in QuickBooks. Let me discuss this further and help you from there.

 

The Undeposited Funds account is used to hold received payments which can then be deposited to a specific bank. When payments are still in this account, they won’t show unless you deposit them.

 

You can follow the steps below in recording a bank deposit:

  1. Click on Banking from the menu bar.
  2. Choose Make Deposits.
  3. Select the payments, then click on OK.
  4. On the next window, choose the bank account from the Deposit To drop-down.
  5. Click on OK.

Once done, you can pull up your Profit and Loss Statement again.

 

I’ve also attached an article for more details: What’s the Undeposited Funds Account?

 

You can also read this article about customizing reports to filter them easily.

 

Always know that you can leave a comment below if you have any other questions or concerns. I’d only be a post away.

Experienced Member

I need my Profit and Loss Statement to show income when I make a deposit from undeposited funds to my bank account.

 
Established Community Backer ***

Re: I need my Profit and Loss Statement to show income when I make a deposit from undeposited funds to my bank account.

Income shown on the P&L report is determined by items used on sales transactions, deposits are banking transactions and will not be reflected.