Entering Sales - Sales Receipt or Entry directly to Account
6/23/09 4:34 PM, Viewed by asker 10/2/09 10:52 PM
Total Views: 508
We get sales online and process the payment using Virtual Terminal by Pay Pal for payment processing. Our online system keeps track of sales orders and generates a unique sales order number. We now need to get those sales entered into QB for Mac and want to know if we should enter this as a sales order into QB or if we can simply enter it directly into our PayPal Account (treated like a bank account) in QB. If we can do either what are the benefits/drawbacks of both?
If we can do a direct entry into the PayPal Account can we just use their customers name in the "payee"/ deposit" area and then enter the other systems sales order in the memo and then the correct income account for account?
Thanks!
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mimoymima, could you explain the exact steps for doing what you're describing? I've never heard of this being possible for QuickBooks for Mac.
Long-time QuickBooks for Mac user
Former business owner
NOTE: This is a user-to-user forum and not official Technical Support.
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Actually I'm not asking about how to get the entires into QB but what method would to do to ensure it's posted to the right account (e.g. do a sales order then receive payment to PayPal vs just an entry into Paypal to the account as I mentioned above).
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Not sure if this is helpful, but you can download your Paypal activity to QB, just like your checking account, and it brings in all the information for each transaction (customers name, even the amount that paypal takes from the sale). So if you get all the information on Paypal, you could just download it to QB.