My organization accepts donations by PayPal, and we transfer them to our bank account periodically. When we do this, we receive the amount net of fees, and I split the payment between the gross amount of the donation as revenue and the fees as expense, so we are properly netting. However, occasionally (yesterday!) the net amount will show as PayPal fees, and I am not able to correct the account.
Has anyone else encountered this, and how have you addressed it?
Thanks so much!
- school board treasurer