Reconcile PayPal in QuickBooks Online
When you start your online store accounting is the last thing on your mind. Until your start making sales and you have to figure out your bottom line. Getting to this point without any guidance can be frustrating. Although finding someone with plenty of experience and willing to show you how to do it is what is most challenging.
That is why I have created this Mini Course to help you with your new startup Journey. PayPal is the easiest form of payment you can set up for your store. But to reconcile PayPal is a different story.
Learn to Reconcile PayPal
Intuit has an app that lets you sync your PayPal with QuickBooks Online. But it doesn’t work as as we may think.
You need to be experience in Accounting, QuickBooks, and PayPal in order to know what is going on behind the scenes. It creates a bit of a mess that now you need to find someone to help you clean it. If you have ever tried it you know what I mean.
It shouldn’t be this hard to reconcile PayPal and it isn’t. I have setup a series of steps to take in order to do this efficiently and effectively.
In this Mini Course I will take you through the process that I have used for years to reconcile PayPal.
In just a few easy steps I will show you from beginning to end on how I do it. This course does require you to be familiar with QuickBooks Online. If you need more one-on-one training you may schedule a training with me. I also have free videos on this website to help you get more familiarize with QuickBooks.
What Will I Learn?
- How to Prepare your QuickBooks for PayPal
- Retrieve the Reports Needed
- How to enter Sales Activity
- How to enter Purchase Activity
Topics for this course
Preparing QuickBooks Online for PayPal
Keeping it Simple00:01:37
Setting up your Accounts00:02:07
Setting up your Items00:02:04
Retrieving Reports from PayPal
The Financial Summary00:02:14
The Sales Activity Report00:01:30
The Purchase Activity Report00:00:56
Entering Data into QuickBooks Online
Retrieving Sales Tax Amounts00:02:54
Entering Chargebacks & Currency Transfers00:02:09
The Reconcile Now Button00:01:25
I found this mini-course while I was struggling to reconcile PayPal in QuickBooks Online. Thank God, I found it. Very cheap for the value it offers. I watched the videos and followed step by step and now I am very confident reconciling PayPal. If you're having a hard time reconciling Paypal, I recommend you to buy this course. I am grateful to Liz for putting together such a practical course. I love this mini-course. Thumps up to Liz!