Are you a small business that sells services to clients and the clients go directly to your bank to deposit funds for the services you rendered? In other words they pay immediately for services rendered?

From an accounting point of view you know that your bank balance will go up and your revenue account for the particular service will also go up.

I believe in recording and tracking as much data and information as reasonably possible in this case and I would want to know the quantity of hours we spent on this project, the hourly rate and the total amount charged to the client. We would also want to know the exact type of service or product we delivered to the client. To record all of this in QuickBooks, I would use the Sales Receipt. In QuickBooks you would click + New and then Sales receipt under the Customers column of links.

Alternatively you could use the Bank deposit. This is not recommended by me. Go to + New and go over to the right-hand side and choose Bank deposit. You should be aware of this way of doing things as it may have been used by your company.

Open the report Sales by Product/Service Detail. Choose All Dates and run the report. You do not see deposit transactions listed in this report. We see invoices and sales receipts, but not deposits under the Transaction Type column in the report.