I know why the payments on your Profit and Loss (P&L) report don't match, @xhandllc. I'll lay down the details below.

Regardless of receiving a payment of $1,500 in February, the $2000 will still appear in January, the month you opened the invoice for a total of $2000 with a $500 deposit.

Transactions are recorded when they occur using the Accrual basis in your P&L report, showing $2,000 as income in January. In contrast, the Cash basis records income based on when cash is received.

By default, QuickBooks categorizes deposit transactions as Undeposited Funds, a temporary holding account until payments are deposited into the bank. You can transfer your funds by making a deposit or transferring it.

For future reference, here's an article on saving your report's customization settings: Memorize reports in QuickBooks Online.

You can post anytime if you still have queries about the P&L or other reports in QBO. Please know the Community has your back. Take care always.