Profit & Loss matching bank statement

@Renee601 

Because not all deposits are considered income.  Your P&L only shows transactions that impact income and expense accounts.  If you have any deposits or make any payments on items that are not items of income or expense (loans, for example), those transactions are affecting your balance sheet, not your P&L.

I agree with Rainflurry's answer, Renee601. 

There's a possibility that some of your deposits aren't affecting the income account. 

If you record deposits without an invoice or didn't use the receive payments entry system, those should show on the report as long as they're affecting the income account.

I'm adding this article to tell you more about transactions not showing up on the Profit and Loss report: Why are my income and expense transactions missing from my Profit and Loss report?

In addition to your reconciled account, you can run a reconciliation report to review your work. Here's how:

1. Go to Bookkeeping or Accounting, then select Reconcile.
2. Select History by account.
3. Use the drop-down menus to select the account and date range.
4. Or print or export your reconciliation reports if you need to share them.

If you want to edit the completed reconciled account, changes can unbalance your accounts and other reconciliations. It also affects the beginning balance of your next reconciliation.

You can browse these articles to help you edit the reconciled account and what to do next.

• Review a previous reconciliation report. 
• Unreconcile the bank account. 
• Enter an adjusting entry for reconciliation in QuickBooks Online

Get back to me if you have additional questions. I'll be right here to help you.