• Reconciling PayPal - Best Practices

  • May 30 2024
  • Duración: 49 m
  • Podcast

Reconciling PayPal - Best Practices Por arte de portada

Reconciling PayPal - Best Practices

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  • Resumen

  • Rachel and Dan will discuss some best practices and workflows when reconciling PayPal accounts.

    Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday Brought to you by http://www.schoolofbookkeeping.com - Keep Learning

    00:00 Introduction and Casual Conversation

    01:06 Challenges of Reconciling PayPal

    02:13 Importance of Accepting Multiple Payment Methods

    06:53 Classifying PayPal in QuickBooks

    10:47 Best Practices for Managing PayPal Balances 1

    6:48 Handling Transfers and Expenses in PayPal

    22:09 Complexities of Multiple Bank Connections

    24:16 Complexity of Managing Multiple PayPal Accounts

    26:04 Reconciling PayPal Like a Bank

    26:30 Special Circumstances for PayPal Usage

    29:24 Challenges with High Volume PayPal Transactions

    32:49 Handling PayPal Clearing Accounts

    34:13 Importance of Accurate Revenue Reporting

    43:19 Upcoming Features in QuickBooks for Auto Reconciliation

    46:53 Conclusion and Future Topics
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