How to: PayPal Accounting for Business
bizzy-2005-03-21.mp3 [4.3mb (9:15) 64kbps]
Discussion Points:
1. Adding the account to your bookkeeping software. We use MYOB, but the same principles apply in QuickBooks.
2. Receiving Payments from your customers. Also includes how to withdraw funds from PayPal to your checking account.
3. Spending Money if you use PayPal to pay your vendors. Plus, learn how to bypass your checking account and "force" PayPal to draw from your credit card, so you can earn those miles or delay payment when wanted.
4. Reconciling the Account...so that the money gets moved back and forth as needed.
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