hi, has anyone setup paypal as a bank account?
# accountings
Suiting
10/13/2019, 5:10 AMhi, has anyone setup paypal as a bank account?
b
BradK
10/14/2019, 4:55 PMI will be soon, what's the issue?
s
Suiting
10/14/2019, 4:58 PMHow do you plan to mass create the payments and bank transfers? I plan to use custom transactions and then csv upload, wanted to check other opinions
k
KevinJ of Kansas
10/14/2019, 5:53 PMWhy not just use the standard bank account transactions for this?
b
BradK
10/14/2019, 5:55 PMI was planning on just treating it like a standard bank account. It's essentially the same thing. CSV upload for txns yeah.
k
KevinJ of Kansas
10/14/2019, 5:55 PMI don't think there's a way to mass import bank transfers, so for that, you might have to do JEs or Custom Transactions
KevinJ of Kansas
10/14/2019, 5:56 PMJust - my advice here - each day needs it's own entry for reconciliation purposes. The second you start dealing with multiple entries clearing on different dates, the reconciliation process breaks
👍 1
KevinJ of Kansas
10/14/2019, 5:57 PMI'd probably just book a separate entry per transaction, but depending on volume, that could be worth some level of consoidation.
b
BradK
10/14/2019, 5:57 PMGood to know, thanks
s
Suiting
10/14/2019, 7:12 PMthanks Brad and Kevin, yes I was planning bank account per Paypal account. Write check transactions for bill payments done from paypal account and then custom transactions for each transfer from actual bank account to the paypal account.