Does anyone know how to record a personal injury lawsuit settlement? Thanks. It's a non-taxable settlement, but where do I list it?

@linfeldm 

Create an Other income account called 'Legal Settlement' or something similar and assign that to the deposit.  It still needs to be recorded as income even though it's not taxable.  Using an Other income account will keep it out of net income from operations on your P&L.  Depending on the type of business, your CPA/tax accountant may need to report the income on your tax return, but it will be listed under 'Other Tax Exempt Income'.