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LadyWonder
Level 1

How to manually record a PayPal payment from a customer

I need a checklist of steps to record a PayPal payment from a customer. 

I get the monthly stmt from PayPal, then
Record received pmt using customer account in customer center?

make deposit for each transfer from PayPal to the bank. 


Or do I use the PayPal register to record the transaction?

 

1 Comment 1
BigRedConsulting
Community Champion

How to manually record a PayPal payment from a customer

Generally payments against invoices from PayPal are treated just like cash or check payments, except instead of depositing them into your regular bank account, deposit them into your PayPal bank account in QuickBooks.

 

PayPal functions like a bank accounts, and so set it up that way in QuickBooks. Then deposit the payments to the PayPal account.  Later, when you transfer money from your PayPal account to you regular bank accounts, create a transfer to move the money.

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