As mentioned in the original posting, the wired transfers or deposits were correctly adjusted. The home currency has been USD from the initial multi currency setup. 

So, we did the PITA uninstallation and performed the "clean install". We had to uninstall and reinstall the other PSA/CRM as well that synched with QuickBooks. 

We ran P&L and now it's correctly displaying the amount. 

Thanks for the help!