MR88
Level 2

Banking

PayPal is connected to my bank account. My bank account is synced with QBO.

 

I thought syncing the PayPal app with QBO would be helpful; it turns out that is the piece that is showing duplicate entries. Example: we made a payment for $800 via PP, using our bank account. The transaction synced and I categorized it from my bank feed. But now I have a balance in the PayPal bank account in the CoA that QB automatically added when I synced PP with QB. I'll write a journal entry to clear that.

 

Then I want to inactivate the PayPal accounts that were automatically added to my CoA when I added the PayPal app. (PayPal Bank, PayPal Sales and PayPal Fees). Those will all show up in my bank feed. I have already disconnected PayPal from QBO. 

 

Does that help?