Help with Paypal statments process

Question asked by Alex Hall 10 years ago

Currently I import a paypal statement (automtically from last import) into CB and have my bank statement imports aswell.

We are only using Paypal for purchases and recieve no money into the account. All the purchases are paid for via our Main bank account.

What is the best process for my to explain and allocate these transactions on both the bank import and paypal import? Someone had suggested that I just allocate the payment from the bank against the supplier invoice and not use the paypal import, but we want to account for the fact the payment went through paypal.

Any help appreciated!

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3 Replies

You need to delete the receipts i'm afraid (so long as they've come from the business a/c obviously), Clear Books doesn't currently have anything in place to match them without creating a duplication.

Best answer
10 years ago

Bank transactions are transfers to PayPal.

PayPal transactions get allocated against the invoice.

10 years ago

Thanks for the reply What do i explain the receipts in the paypal statments to? If i explain that as a transfer from the bank then i have two entries in the bank account for the same item.

10 years ago

You need to delete the receipts i'm afraid (so long as they've come from the business a/c obviously), Clear Books doesn't currently have anything in place to match them without creating a duplication.

Best answer
10 years ago

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