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How should I be accounting for PayPal transactions?

i think I have been doing paypal tagging wrong , my account balance is out by 1.5k .
When i go to my bank statment any money I have transferred from paypal I tag as transfer between accounts , any payments for goods from paypal I tag as transfer between accounts.

Is this correct ?

If you are doing manual entries, you should log sales invoices receipts using paypal account on QF and then another entry for transfer to main bank account, you will be left with paypal charges as difference which you can record on paypal account on QF as transaction charges, you can create new code in P&l " paypal charges"

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