PayPal Fees - Accounting

I'd like to make sure you're on the right path to getting the PayPal fees categorized, Unived Inc.

Every business is different. Some company uses the PayPal Fees expense account. However, the expense might change based on the nature of your company. I'd recommend reaching out to your accountant for choosing the right account for your business or find a ProAdvisor here: Find an expert.

Once you have the correct expense account, open the bank deposit you've created and make the changes.

I'm also adding this article for more details about the processing fees: Record and make bank deposits in QuickBooks Online. To view other guides and tutorials, feel free to visit our general help topics page. 

If you have other questions or concerns, please let me know in the comments. My colleagues and I are here to help you out again. Have a great day!

@Unived Inc 

The download file from PayPal has the gross amount and the PayPal fees listed on one line. When you are using an importer tool, only one item can be mapped per line. The workaround for this is to import the Gross Amount as a Product/Service and then utilize the SHIPITEM and SHIPAMOUNT fields for the PayPal fees. This workaround will also work for any sales transaction where there are two items on the same line.

https:// transactionpro.grsm.io/qbo

Another option, you may explore this connector to reconcile your PayPal transactions.

https:// synder.grsm.io/quickbooks