It seems my profit and loss report is adding my transactions and bank balance together as income when my bank balance is from my transactions. How do I fix this?

Hello westleysice-bigp,

The Profit and Loss report will show all transactions that are allocated to income or expense accounts in QuickBooks Online. As for the bank account it will be reported in the Balance Sheet report. I'd recommend reviewing your added bank transactions and make sure they're allocated to the correct account/category. 

You can run a Profit and Loss comparison report to check the income and expense transactions recorded in QBO. Here's how:

1. Click on the Reports tab.
2. On the search box type in Profit and Loss and select Profit and Loss Comparison report, you can also run the Transaction Detail by Account.
3. Select a report period, and fill out other fields.
4. Click on Run Report.

I'd recommend also doing a bank reconciliation to check if everything balances in your account. Reconciliation helps you check what you have in QBO balances with your bank statements.

You can also check this link to learn about Run a Profit and Loss Comparison Report and What is a Profit and Loss Report?.

Feel free to drop a comment below if you need more help with QuickBooks Online. Have a nice day!