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MKT22191
Level 3

How to record PayPal bank transaction into QBO

Good morning QB community!

 

My company has linked PayPal Bank to QBO.  My question is how to treat "payment on hold" in QBO and if I need to create an entry for "payment on hold."  

 

I'd just create an entry for money "received" transaction, match it to the specific PayPal transaction, and exclude "payment on hold."  Do I miss anything here?

 

Any input is appreciated!

  

Solved
Best answer August 18, 2020

Best Answers
Charies_M
Moderator

How to record PayPal bank transaction into QBO

Thanks for sharing your concern with us, MKT22191.

 

Let me share my input regarding your concern on treating the payment on hold in QuickBooks Online (QBO).

 

You're doing the right thing. Since you've already excluded the payment on hold from your banking, you don't need to record it in QBO.

 

You may also want to check out this article about managing PayPal payments and other transactions: PayPal on e-Invoices FAQs.

 

Get back to me if you have other questions. I'm always happy to help you further. Keep safe and have a great rest of the day!

View solution in original post

1 Comment 1
Charies_M
Moderator

How to record PayPal bank transaction into QBO

Thanks for sharing your concern with us, MKT22191.

 

Let me share my input regarding your concern on treating the payment on hold in QuickBooks Online (QBO).

 

You're doing the right thing. Since you've already excluded the payment on hold from your banking, you don't need to record it in QBO.

 

You may also want to check out this article about managing PayPal payments and other transactions: PayPal on e-Invoices FAQs.

 

Get back to me if you have other questions. I'm always happy to help you further. Keep safe and have a great rest of the day!

View solution in original post

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