E-commerce
PayPal Payout Reconciliation
Transferring accumulated PayPal balance to the main bank account.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 2,800.00 | - |
| PayPal Account Balance | Asset (-) | - | 2,800.00 |
💡 Accountant's Note
The PayPal balance is a separate asset account. When funds are withdrawn to the bank, it is a transfer between asset accounts — not a revenue event. Revenue was recognized at the time of each sale.
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