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| == Categorizing PayPal == | | == Categorizing PayPal == |
| | | |
− | Paypal Income is handled a little differently from the other accounts. We do not import individual transactions. Instead, we create journal entries from reports | + | Paypal Income is handled a little differently from the other accounts. We do not import individual transactions. Instead, we create journal entries from reports |
| | | |
| === Get Report from paypal === | | === Get Report from paypal === |
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| * Select the completed month you want to export, and press "View Report" | | * Select the completed month you want to export, and press "View Report" |
| * Once the report is generated, Press "Download" next to the pdf combo box. | | * Once the report is generated, Press "Download" next to the pdf combo box. |
− | * Rename the Downloaded file from ''MonthlyFinancialSummery.pdf'' to ''paypal-YYYY-MM.pdf'' where YYYY is the 4 digit year, and MM is the 2-digit month | + | * Rename the Downloaded file from ''MonthlyFinancialSummery.pdf'' to ''paypal-YYYY-MM.pdf'' where YYYY is the 4 digit year, and MM is the 2-digit month |
| | | |
| === Create Journal Entry in Quickbooks === | | === Create Journal Entry in Quickbooks === |
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| |} | | |} |
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− | * The paypal statement lists Debit's as negative. Take the absolute value. | + | * The paypal statement lists Debit's as negative. Take the absolute value. |
| * Ignore '''Transfers & withdrawals''' and '''Purchase activity''' for now, those are handled differently. | | * Ignore '''Transfers & withdrawals''' and '''Purchase activity''' for now, those are handled differently. |
| * Dispute activity may show up as a debit or a credit. Pay attention and make sure it matches in quickbooks. | | * Dispute activity may show up as a debit or a credit. Pay attention and make sure it matches in quickbooks. |