How do I record transfers of money from PayPal as a deposit?

Thank you for sharing your concern on the Community page, @fhspoperationsma.

I'd be glad to show you the steps on how to record a transfer between two accounts in QuickBooks Online (QBO). 

Since you're transferring your funds from PayPal to another bank, you can use the Transfer feature in QuickBooks. Here’s how to record a money transfer:

1. Click + New and select Transfer.
2. From the Transfer Funds From drop-down list, choose the bank account that the money is coming from.
3. Select the bank account that the money is going to from the Transfer Funds To dropdown menu.
4. In the Transfer Amount field, enter the amount being transferred.
5. Edit the Date field.
6. Enter a description of the transfer in the Memo field.
7. Click Save and close to complete the transfer.

For more details, you can also check out this article: Transfer funds between accounts.

Additionally, you can find the recorded transfer by opening each account register in the Chart of Accounts.

You're welcome to visit this thread again if you have questions regarding QuickBooks Online. I'm here to assist you.