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October 3, 2021
Question

Recording Test Deposit from Paypal

  • October 3, 2021
  • 1 reply
  • 0 views

When I signed up for Paypal they made 2 deposits into my account. One for $0.04 and another for $0.19. They did not take the funds back. How should I record these? 

 

Thanks!!

1 reply

October 4, 2021

Hello MamaBurns,

 

It's essential you're recording your transactions the right way so you can prevent errors in your books. I'll be glad to steer you in the right direction with this

 

To ensure accuracy in your books, I recommend contacting an accounting professional to get more info on recording the expense transaction. Doing this will help prevent any future discrepancies in your books. You can also reach out to accounting professionals on our site using this link here.

 

I'll also leave this question here so other accounting professional members can chime in. Let me know if you have other questions. I'm here to help.