My client has a PayPal account and also a PayPal Credit account. They have never been set up in QBO.
Client accepts PayPal payments from customers and also uses PayPal Credit to pay a handful of bills.
I linked the PayPal account with online banking, and imported transactions back to Jan.1. The transactions that imported are both PayPal and PayPal Credit transactions. But I think I need to also set up the PayPal Credit account separately.
How does this workflow go? For example, the $40 payment made to PayPal Credit has come into online banking through the bank account and also PayPal. But it actually needs to transfer to the PayPal Credit account that I haven't even set up yet. Do I make a transfer from the bank to PayPal, and then another transfer from PayPal to PayPal Credit?
They also pay a few recurring bills on PayPal Credit. But those also imported to PayPal. They are an expense that is added to the PayPal Credit balance. What entries are made to record the expense, get it out of PayPal, and get it into PayPal Credit?
Very tangly.
TIA,
Ann
