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Accept credit card payments in QuickBooks Online.Explore QuickBooks Payments

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Replying to:
LeizylM
QuickBooks Team

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 I appreciate you coming back and confirming your PayPal payments, RobB81.

 

Yes, you can exclude that PayPal transaction since QuickBooks categorise these payments automatically. If you need to record the fee, you can enter it as an expense account.

 

Here's how:

 

  1. On the left navigational bar, go to the Transaction tab.
  2. Select Chart of Accounts and then click the New button.
  3. Enter the Account name.
  4. In the Account Type section, choose Expense and complete the necessary fields.
  5. Once you're ready, click the Save and Close button.

 

Here's how to record the fees:

 

  1. Select + New, then select Expense.
  2. Choose  the payment processor from the Payee dropdown
  3. In the Category column, choose the expense account to record the fee and enter the amount.
  4. Select Save and close.

 

Also, you can check these articles to learn more about how to manage accounts in your COA, manage bank transactions, and reconcile an account inside QBO:

 

 

We look forward to having you here again if you need assistance recording PayPal payments.  I'll promptly lend a hand.

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