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4 bytes removed ,  06:00, 31 December 2014
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== Categorizing PayPal ==
 
== Categorizing PayPal ==
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Paypal Income is handled a little differently from the other accounts. We do not import individual transactions. Instead, we create journal entries from reports
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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
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* 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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* The paypal statement lists Debit's as negative. Take the absolute value.
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* 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.
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