With the PayPal app, you won't see transactions that are duplicative or intermediate statuses. This includes authorizations, temporary holds, and reversals, etc.
The table below will guide you on how PayPal transactions are handled within QuickBooks Online.
|Transaction Type/Item||Handling within QBO|
|Income / Sales||You can create a Sales Receipt or a Deposit with each "money-in" transaction:
|Expenses||When the PayPal account is used for a purchase, an expense transaction will appear in the list of transactions on the Banking screen to allow for categorization.|
|Funding transactions||Transfers: Money movement between bank accounts and the PayPal account will appear as a transfer.
|Sales tax||If Sales tax is turned on, it is mapped upon setup. To edit:
|Customers||The suggested customer is shown in the bank transaction list, but if it’s not yet in QuickBooks, create the customer by using the Payee drop-down.|
|Vendors||The suggested vendor is shown in the bank transaction list, but if it’s not yet in QuickBooks,create the vendor by using the Payee drop-down.|
|Items (Products / Services)||Products/services will sync as line items on the sales receipt if the item name within PayPal and QBO match. Otherwise, the items will appear as “PayPal Sales” on the sales receipt line details.|