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Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
How to Reconcile Paypal
We are in desperate need of a solution in regards to reconciling our Paypal statement. We process over 1500 transactions monthly via Paypal. Additionally, we issue various refunds and pay various vendors with Paypal. To complicate things further, instead of taking out a once-a-month fee, Paypal takes a fee at each transaction.
To reconcile all this data line-by-line is too time consuming. We have been making one journal entry with the data from the monthly statement. But it is not matching our balance in our system,
Does anyone have any ideas how to effectively reconcile Paypal?
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