Rachel and Dan will discuss some best practices and workflows when reconciling PayPal accounts. Rachel will demonstrate actually reconciling the PayPall account.

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday 

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0:00 Introduction and Technical Glitches

01:11 Understanding PayPal Bank vs. PayPal Clearing

06:06 Reconciling PayPal Transactions

12:16 Complexities of PayPal Reconciliation

27:17 Understanding Expense Rules

27:49 Terminology Confusion in Accounting

31:26 Reconciling PayPal Accounts

34:28 Handling Shopify Payments 3

8:50 Automation Tools and Sales Receipts

44:22 Complexities of PayPal Clearing