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Are my paypal & bank transactions being recorded twice once i tranfer my paypal balance to my account ? how do i diffiricite each ?

 
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Are my paypal & bank transactions being recorded twice once i tranfer my paypal balance to my account ? how do i diffiricite each ?

Hey there, @getsparkd100.

 

Using PayPal is super useful in QuickBooks Online and helps you manage the funds between it and your bank account. When transferring funds to your bank account from PayPal, you can follow the steps below. You'll be a pro in no time!

 

  1. Go to Banking and choose your PayPal account at the top.
  2. Find a transaction where you transferred your balance to your checking account and click Transfer. This will record the transfer to both the register of your PayPal account and your checking account.
  3. Now choose your Checking Account at the top of the banking page.
  4. When the deposit comes through bank feeds for the PayPal transfer, click Match. This will match the deposit to the transfer you created earlier so that there isn't a duplicate.

 

 

That's it! If you don't see the Match option after creating the transfer from PayPal, you can follow these steps to manually match the transaction with the transfer.

 

Let me know if you have any other questions. I'm here to get you back to business. Have a great day.

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