How to financials: Difference between revisions
From Pumping Station One
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== Categorizing PayPal == | == Categorizing PayPal == | ||
Paypal is handled a little differently from the other accounts. We do not import individual transactions. Instead, we create journal entries from reports | 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 === | |||
* Log in to https://business.paypal.com/webapps/merchantreportingweb/page/fsr.form | * Log in to https://business.paypal.com/webapps/merchantreportingweb/page/fsr.form | ||
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* 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 | * 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 === | |||
* Log in to quickbooks | |||
* Click the '''+''' at the top of the screen >> Journal Entry | |||
* set the Journal Date to the last day of the month you are creating the entry for | |||
== Resolving == | == Resolving == | ||
