Bank feed and sales receipt

Sorry I meant to say Paypal transactions 

Hi there, Kuen.

I'm here to assist you in clearing up your undeposited fund in QuickBooks Online and provide insights about the function of sales receipts and PayPal bank feeds. 

Since sales receipt transactions are considered sales income from PayPal, QuickBooks will consider your sales receipt transactions undeposited as the default sales workflow. However, if you use Deposit transaction instead of Sales Receipt, your transactions will automatically deposit to your PayPal Bank account. Note that if you go with this option, you will lose the ability to run the built-in Sales reports by Product/Service.

Furthermore, you can also learn how to update what income account those sales receipts are mapped into your QuickBooks account.

Here's how:

1. Click Transactions in the left menu, then go to the Bank Transactions tab.
2. In the box for your PayPal account click the Pencil icon in the upper right corner.
3. Click Edit settings. You’ll now see a screen where you can edit the account mapping for your sales receipt.
4. Click the Pencil icon in the upper right corner.
5. Update mapping by selecting the appropriate account from the drop-down lists
6. Click Save

I'd like to drop these articles to learn more about PayPal integrations with QuickBooks Online:

• Connect to PayPal FAQs.
• Why use clearing accounts in your accounting system for PayPal, credit cards, and other payment channels?

If you need further clarifications about PayPal Sales Receipt in QuickBooks Online banking, please don't hesitate to reply. I'm always here to assist you.