For Donations received in 12-31-23 but deposited in 2024, How will it affect the P&L?

I appreciate you reaching out to us here, carmg. Let me share inputs to help you manage donation checks in your Profit and Loss report.

When entering donations in your account, this won't affect the data as to when the transactions were created (the date you recorded the entry) vs. the posting date (the date received by your account). You'll have to ensure to include the previous month's transactions when reconciling your account.

Also, we can use a sales receipt to record the donation on the donation date and include it in the deposit on whatever day you deposit the donation. The deposit date doesn't have any impact on your donation records. As always, since all businesses are unique, you may wish to reach out to your accountant for additional guidance to ensure the what account you need to apply when recording the transaction.

For future reference, read through this article to learn more about how to personalize your reports in QBDT: Customize reports in QuickBooks Desktop. Moreover, you can start reconciling your account to make sure your books stay accurate and balanced: Reconcile an account in QuickBooks Desktop.

I'll be around in this forum if there's anything else you need further assistance with when managing transactions in your financial reports. Feel free to leave them in the comments below. Keep safe and have a good one!