cancel
Showing results for 
Search instead for 
Did you mean: 
Level 4

paypal

Hello,

 

How can I enter this: Custmer payed invoice due of $230.11 thrue paypal.  I'm reconciling my deposits from my bank statements and notice that only $220.03. I did checked my paypal account and it showed that customer did payed the amount due but the difference of $10.08 was a fee from paypal.  How do I enter all this in quickbooks. 

 

IN QB - Should I paid the full amount of invoice and then when depositing enter another line with -$10.08 . If so where what account should I RECEIVED FROM & FROM ACCOUNT.

 

Thank you,

Solved
Best answer 06-07-2019

Accepted Solutions
Highlighted
QuickBooks Team

Re: paypal

Hello Eve2019,

 

You can add the fees when you make a bank deposit and use an expense account to record it properly. Let me walk you through the steps.

  1. Click Banking.
  2. Click Make Deposits.
  3. In the Deposit window, add the fee in the next line.
  4. Under From Account column, locate the expense account. You can leave the Received From column blank.
  5. Enter the fee in the Amount column.
  6. Click Save & close.

You might also want to check out this article for your reference: Add and match Bank Feed transactions.

 

Let me know if you have additional questions. I'd be right here to help.

 

MD.JPG

View solution in original post

1 Comment
Highlighted
QuickBooks Team

Re: paypal

Hello Eve2019,

 

You can add the fees when you make a bank deposit and use an expense account to record it properly. Let me walk you through the steps.

  1. Click Banking.
  2. Click Make Deposits.
  3. In the Deposit window, add the fee in the next line.
  4. Under From Account column, locate the expense account. You can leave the Received From column blank.
  5. Enter the fee in the Amount column.
  6. Click Save & close.

You might also want to check out this article for your reference: Add and match Bank Feed transactions.

 

Let me know if you have additional questions. I'd be right here to help.

 

MD.JPG

View solution in original post

Need to get in touch?

Contact us