Collecting Payments from PayPal through Paypal Bank Feed
I have a client who uses the Paypal bank feed. From all the research I've done the general consensus seems to be that Paypal is a pain and it would be better not to use the feed. However, that's not an option my client wants to entertain.
My client receives payments through Paypal and most advice I'm seen says to just Add the payment from the feed. It will create a Sales Receipt and that's all there is to it. However, this client creates invoices then receives the payment. My question is this, do I then just Match the payment in the feed? I don't want to Add it and create a Sales Receipt since there is already a corresponding Invoice. Or do I need to treat it the same way I would a Checking Account and create a deposit?
All transactions you've matched, split, and add will move to the Reviewed tab. This tab, where you can edit matched or added transactions downloaded from your bank after you review them in QuickBooks Online. Also, you can Undo the transactions. For the detailed guide about the process, check out this article: Unmatch or move bank transactions after reviewing them.
Feel free to leave a comment below if you have follow-up questions. I'm always here to help.