I am moving from Bank A to Bank B. A check from Bank A has to be recorded as an expense and Deposited as Income in Bank B. How do I categorize these for my P/L 2B correct

You're in the right place, @mpcfc.

When transferring between accounts, you'll need to create a Bank Transfer. Here's how:

1. Click + New and select Transfer.
2. In the Transfer Funds From dropdown list, select the bank account (Bank A) that the money is coming from. 
3. From the Transfer Funds To dropdown list, choose the bank account (Bank B) that the money is going to.
4. In the Transfer Amount field, enter the amount being transferred.
5. Edit the Date field.
6. Hit Save and close.

If you wish to deposit the transaction to Bank B as an income, you'll have to look for an account to use when writing a check from Bank A. Then, to choose the correct account category for the income, I highly recommend consulting your accountant. This is to ensure that your books and accounting data are accurate. If you don't have one, use our Find an accountant tool to look for a Pro-Advisor near you.

Also, to review your accounts and make sure they match your real-life bank or credit card statements, you may visit our reconciliation hub for a detailed guide. 

Let me know if you have further question about categorizing your transactions in QBO. I'm always here to help. Take care always.