Setting up paypal as bank account
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- User
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Setting up paypal as bank account
I'm setting up paypal as a separate bank account on Sage. Sage says that the bank code is outside the range of the chart of accounts. How do I set this up to appear in the correct place on the balance sheet?
- brucedenney
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Re: Setting up paypal as bank account
Edit the chart of accounts and extend the range for the bank accounts to include the number you used for paypal.
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- User
- Posts: 12
- Joined: 20 Jan 2017, 08:19
- Sage Version: v2017 23 UK/Europe/Africa
Re: Setting up paypal as bank account
I've set it up within the 1200-1209 range which places it under current assets and current liabilities on the balance sheet, along with the main bank account. Is this the correct place?
- brucedenney
- Site Admin
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- Joined: 28 Feb 2006, 09:56
- Sage Version: v28 UK/Europe/Africa
Re: Setting up paypal as bank account
Yes, that is an ideal location for it.
Note that bank accounts can be positive or negative so are normally configured to float between liabilities and assets, run the check in COA and it should tell you if there is an issue.
Note that bank accounts can be positive or negative so are normally configured to float between liabilities and assets, run the check in COA and it should tell you if there is an issue.
For just about anything Sage :- Discount subscriptions, pay-as-you-go support, application integration, reports, layouts, linked excel spreadsheets, analysis or any other help making life with sage easier/less time consuming Contact me.
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- User
- Posts: 12
- Joined: 20 Jan 2017, 08:19
- Sage Version: v2017 23 UK/Europe/Africa
Re: Setting up paypal as bank account
That's great thanks.
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