Add Paypal Account

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1.Add a new general ledger asset account called Paypal and select Type as Detail Cheque Account Postable.

paypalaccount

2.On the ribbon, go to Tools > Setups > Payment Types and add Paypal.

Paypalpaymenttype

3.Set up a 6-XXXX expense account for any Paypal fees charged, using tax code N, as these charges are a reportable expense with no GST.

 

Further information

•Add a GL Account

•Add Opening Balances

•Automatically Calculated Accounts

•Change GL Account Type

•Edit the General Ledger Layout

•GL Account Types

•General Ledger at a Glance

 

•General Ledger at a Glance

•General Ledger Reports

•Linked GL Accounts

•Maintain the General Ledger

•Print a General Ledger Transaction Listing

•Print a General Ledger Transaction Report

•Set up General Ledger