I appreciate that you take the time to read the previous posts, @DawnK.

Allow me to explain it briefly, undeposited funds is a place to hold funds. P&L report is a profit and loss, this is why it is not yet counted as expense or income since it is not yet deposited to the bank. If you want to see the undeposited funds you can run a balance sheet report.

Let me guide you how:

1. On the left navigation pane, click on Reports.
2. On the Find report by name box, type in Balance sheet.
3. It will give you the options related to Balance sheet.

You can also create a report of your total Undeposited Funds.

I'm glad to help you further if you have additional questions, take care!