The Deposits Applied on that screen is referring to Customer Deposits, not Bank Deposits. Customer Deposits are a separate transaction type and would be something you record if you create a sales order for a customer and they give you say 50% up front. You have no invoice to apply that payment against so you can record a Customer Deposit to be able to Deposit the money in the bank. Once you invoice, this transaction auto-applies against the created invoice. It's an ongoing problem on confusion between those two transaction types. I've had clients rename that transaction to Customer Prepayments or something like that to solve that issue although I'm not sure it would change the verbiage on that sublist.