Yes, Megan. You should remove the deposit because it should not appear in the Profit & Loss (P&L) report. Instead, it should be linked directly to the invoice payment.

Deposits and invoices appear as double-counting when a bank deposit is recorded separately or categorized under a Sales or Income account instead of selecting an invoice payment to be applied. Please see the sample screenshot:

To fix this, follow these steps:

1. Open the deposit shown in your P&L Loss report.
2. In the "Add funds to this deposit" section, check if there is an income account entry created.
3. If there is, remove the entire entry and select the correct invoice payment showing in the Bank Deposit page. This ensures that only the invoice amount displays as income in the report.

After making these changes, return to the Profit & Loss report and verify that the deposit no longer appears.

Please leave us a response if you have other questions or concerns.