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Join nowWhen I follow these steps I am getting a double entry.
I guess I am not understanding the steps.
I create an Invoice
The customer pays through PayPal and I deposit the funds in the Undeposited Funds account.
Money is transferred to the business account.
I create a bank deposit less the PayPal fee and associate this with the correct account for the P&L to categorize it.
This is where I am seeing entries into both the AR and categorized account, thus creating the double entry of income.
Also, the transfer of funds from PayPal to the bank account are also creating a double income issue.
I have tried to learn through the multiple responses and I am just turning in circles trying to get this completed.
Any help would be great as I have tried to locate a step-by-step and have come up empty.
Thanks so much.