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anonymous6
Level 2

PayPal Incoming account reconciliation

Hello All,

 

I had previously worked with a client in 2018 to setup his Quick Books Online company account. I had reconciled his PayPal Incoming account for the first six months of the year 2018. Afterwards, my client thanked me for my services and he said that he will take over and managed his own books.

 

He has never reconciled the PayPal Incoming account in the past two years and he want me to create a journal entry to bring PayPal Incoming account reconciliation up to date as at January 31, 2020. Is this possible?

 

Thanks

Solved
Best answer February 23, 2020

Best Answers
MarsStephanieL
QuickBooks Team

PayPal Incoming account reconciliation

Hello there, @anonymous6.

 

 You can create a journal entry for those transactions way back in 2018 if you are following the advice of an accountant. Let me show you the steps.

 

 Here’s how:

 

1. Go to the Hamburger icon.

2. Select the + New button.

3. Select Journal entry. Or if you're in Business view, switch to Accountant view first. Then come back to these steps.

4. Fill out the necessary fields to create your journal entry.

5. Select Save and new or Save and close.

 

 For more information, you can check out creating a journal entry in QuickBooks Online.

 

 Let me know if you have any questions in mind. I’m here to help. Have a good one.

View solution in original post

1 Comment
MarsStephanieL
QuickBooks Team

PayPal Incoming account reconciliation

Hello there, @anonymous6.

 

 You can create a journal entry for those transactions way back in 2018 if you are following the advice of an accountant. Let me show you the steps.

 

 Here’s how:

 

1. Go to the Hamburger icon.

2. Select the + New button.

3. Select Journal entry. Or if you're in Business view, switch to Accountant view first. Then come back to these steps.

4. Fill out the necessary fields to create your journal entry.

5. Select Save and new or Save and close.

 

 For more information, you can check out creating a journal entry in QuickBooks Online.

 

 Let me know if you have any questions in mind. I’m here to help. Have a good one.

View solution in original post

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