Question

Vendor Invoice paid PayPal and credit card. How to associate vendor and bank fees to the CC charge?

Here's the background:

1. Received and invoice from a vendor for $2050.00 & entered it as a bill in quickbooks

2. A partner paid the vendor using a personal PayPal account connected to the company credit card. completely outside of quickbooks.

3. Used the quickbooks "pay bill" feature to record the payment to the vendor against the company credit card for $2050.00

4. PayPal Charge on credit card statement for $2,109.75. vendor billed amount ($2050.00) + PayPal fees ($59.75)

How do I reconcile these so there isn't a double amount to Contract Labor and the Fees are recorded to the vendor?

Thanks for the detailed information, ARK23.

I'm here to address your concern about reconciling double amount of payments made from PayPal and Credit Card.

When reconciling, you'll just not need to add both payment from PayPal and Credit Card. Instead, you can choose one from them to avoid duplicates.

This article serves as your complete guide on how to add and match downloaded transactions in QuickBooks Online (QBO): Add and match downloaded banking transactions.

Here are some helpful article that provides useful information about the process of reconciling an account in QBO:

You can always reach me back here if you have follow-up questions while reconciling. Have a great day ahead.

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