Greetings, I apologise in advance that this is a bit off-topic. However, I know that many of you who run service providers take a high volume of individual Paypal payments, many of them recurring.
My question is this: When withdrawing Paypal payments into a bank account, how do you correlate them on the bank statement to the relevant Paypal payment activity, and therefore the right customer/invoice/etc, from an accounting perspective? When there is a manageably small number of payments involved, it can be done chronologically. And likewise, if the amounts are highly specific to each customer, that is also useful as a correlator. However, I have found nothing embedded in the transaction ID or other identifiers that show up in the online banking interface from which a reference to an original Paypal transaction can be reconstructed. It seems to me that the process of withdrawing money to a bank is a separate transaction from receiving payment via Paypal anyway, since Paypal gives you the ability to specify how much of your balance in its account you want to withdraw. I suppose the easiest thing to do - and I imagine, the norm - is to just record the incoming payments against open invoices at the moment they are received, and put them in an asset account, less the transaction fees. When Paypal payments clear into the bank, just move the funds from one asset account to the other and be done with it, without attempting to establish whose payment it was that cleared. The invoices are paid either way, and the ultimate deposit destination of that money is just an asset transfer technicality. Still, I am curious if there are any more advanced options available or other handy tricks of the trade that anyone would be willing to share on how to reconcile high volumes of individual Paypal transactions. Thanks! -- Alex P.S. I am referring to plain old Paypal here, not Paypal web payments, merchant account services, etc. -- Alex Balashov - Principal Evariste Systems LLC 1170 Peachtree Street NE 12th Floor, Suite 1200 Atlanta, GA 30309 Tel: +1-678-954-0670 Fax: +1-404-961-1892 Web: http://www.evaristesys.com/ -- _____________________________________________________________________ -- Bandwidth and Colocation Provided by http://www.api-digital.com -- asterisk-biz mailing list To UNSUBSCRIBE or update options visit: http://lists.digium.com/mailman/listinfo/asterisk-biz