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PayPal bank account
Hi, at of the start of our organisation's financial year on Jan 1 2021, we wanted to start recognising our PayPal account balance as a bank account asset in our chart of accounts. I understand ho...
Hi DomB
You will end up with that amount under the historical balancing account because it's a double-entry system and you've only entered one side of the entry. The only way to get around this would be to enter a balancing amount against another account. You can do this in the Account Opening Balances window, you need to make sure there isn't an amount left to be allocated in the window.
Please let me know if you need further help.
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