However, when I’m running through to do the bank reconciliations, I’ll see both payments in and payments out with PayPal in the memo line. Many clients that I have had disregarded PayPal entirely on their chart of accounts and instead believe it is merely a vehicle for your funds to flow to and from your other (more brick-&-mortar) bank accounts.
My first blog post I want to write involves a simple topic but is actually quite common: How should you treat a PayPal account in QuickBooks?
