How can I add a cash sales receipt and deposit it as income. Only options I have are to add to transaction account or as an asset.

I’ll provide information on creating a sales receipt and depositing it as an income in QuickBooks Online (QBO), @thegentlefarewel.

When creating a sales receipt, the Deposit to dropdown allows you to select a bank account into which you'll deposit the funds. However, it's important to note that we're unable to record the sales receipt transaction directly as income. Instead, the income account is assigned to the products and services you entered in the sales receipt.

Please refer to the steps below to assign an income account to your items.

1. Go to the Gear icon and select Products and Services.
2. Find the product or service item and click Edit under the Action column.
3. Select an income account in the Income Account dropdown.
4. Click Save and Close.

Moreover, you can keep a record of payments in the Undeposited Funds account to combine and deposit them in a single transaction.

If you have any questions or need further clarification about sales receipts, feel free to reach out. We’re here to help and respond promptly. Stay safe, and have a great rest of the day.