Reconciling paypal transactions

[fudgednumbers]

New-ish QF user here.

I have a question about reconciling Paypal payments.

So in our GBP account, we have debits for payments taken from the bank card used in Paypal. I’ve been linking these payments to a corresponding invoice.

Unfortunately I didnt realise that there are also debits and credits for these payments listed separately in the Paypal account ledger. Schoolboy error - I simply wasnt scrolling down far enough to see that there were untagged entries on the Paypal account.

What is the correct way to reconcile and tag these payments? I have a feeling that I probably need to detag the debit from the bank account, and instead link the bank card/account debit to the Paypal credit as a transfer, and then re-link the invoice to the debit against the paypal ledger?

Any advice welcome - thanks!

[ian_roberts]

@fudgednumbers

I have a feeling that I probably need to detag the debit from the bank account, and instead link the bank card/account debit to the Paypal credit as a transfer, and then re-link the invoice to the debit against the paypal ledger?

Pretty much, yes. The “payment to a supplier” is the one going out of the PayPal account as that’s the date when you made the payment. The money out of your bank account is then a bank transfer to the PayPal account to balance it back up.

[fudgednumbers]

Perfect. Thanks a lot!