![]() ![]() Thirdly with the generous help of the Feds, Paypal (and other banks) ceased holding on to transfers from my Paypal account to my bank. Two, Paypal stopped freezing buyers accounts allowing timely payments. One size does not fit all sellers.īut to give Paypal credit, they did make three changes that improved my online sales life.įirst, Paypal ceased freezing my sellers account and those of other sellers for any reason. Using Paypal and eBay reports would only ''muddy up my bookkeeping pond''. ![]() I am still not sure how I ended up with actually finding the report of refunds I was looking for (in the ''Classic'' view), but I bookmarked it and I sure hope the bookmark holds.Īs a former accountant, I keep life simple and use my own homemade spreadsheet (on Lotus - how old world is that?)ĭaily, I know where I am with sales and income, reconcile my bank accounts, and keep on top of my inventory with each purchase and sold inventory. And to make it even worse, any time I found ''instructions'' somewhere, a step (or more) was always omitted so I was going round and round. I DO need to use the ''customer refunds'' function and this year had T-H-E worst time finding how to request a download of that - the ''new improved'' view is horrid. I have several email addresses registered (one or two for personal use only and one or two for business only) and have never been able to get PP to sort records by email address - it lumps ''everything'' together, funds either ''IN'' or ''OUT''. My absolute worst complaint about trying to use PP records is that I cannot sort sales/purchases by EMAIL address that made the transaction. Accordingly I keep my own detailed, documented records for my CPA. Even their 1099 is useless because it is not accurate, lumping personal and business transactions in together. PayPal's New Reports: Thumbs Up or Thumbs Down?įri Feb 10 10:29:30 - You are citing what is probably one of the best uses, certainly helpful in your situation.Īs for my own operation - USELESS. ![]()
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