PayPal Integration How to Categorize and How to Record Transfers and Reconcile

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PayPal integration tutorial, how to integrate, how to properly categorize transactions and avoid duplication.
Integration product review when should you integrate and when should you not integrate PayPal.
If you want to hire us for a one on one tutorial, books clean up and catch up, or ongoing bookkeeping please contact us at:
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Опубликовано:

21 июл 2024

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Комментарии : 13

@kimh.2812 Год назад

How do I a remove a payment made from checking too paypal? The payment should have gone to an invoice,

@ClaudiaXperts Год назад

Not sure what you mean by removing the payment. Is that because you are seen a transaction duplication?

@luistobar7 4 месяца назад

How do I separate my income, paid fees to PayPal and expenses ? I need to file the full report to file my taxes. I added my 1099 from PayPal to my tax forms , but how can I get the totals so I can report my expenses?

@ClaudiaXperts 4 месяца назад

If PayPal is integrated to QuickBooks it should show in the PayPal account when you match the transaction. If you are not integrated you can go to PayPal, and get the monthly statement. You may do a Journal entry to record the PayPal fees debit PayPal fees credit Sales.

@wazup80 Год назад

How do you communicate with your clients about duplicate transactions? How do they receive your feedback and guidance?

@ClaudiaXperts Год назад

I correct if it is PayPal since I know is a system error. I only communicate when I don’t know what is going on. I call or email, if it is in Undeposited Funds I send it through QuickBooks on the Books review tab

@OriEnRemoto Год назад

Hey Claudia! I only have expense throught my Paypal account, but the transaction doesn´t load in my checking account! Thank you for your time!

@ClaudiaXperts Год назад

Where are the payments to the PayPal account coming from Orlando?

@OriEnRemoto Год назад

@@ClaudiaXperts The Paypal account is from Tampa and the person who receive the Money is in Peru.

@ClaudiaXperts Год назад

@@OriEnRemoto It does not matter where the money is going to. If it is an expense you will categorize as an expense. But where is the coming coming to pay the pay is the question.

@OriEnRemoto Год назад

@@ClaudiaXperts Yes, it´s an expense, I categorized as a subcontractor expenses. The person is a Virtual Assistant.

@ClaudiaXperts Год назад

@@OriEnRemoto How is the PayPal being funded?