What's the best way to handle PayPal?

Colin Law clanlaw at gmail.com
Sat Dec 3 09:47:34 EST 2016


On 3 December 2016 at 14:43, Dr. David Kirkby (Kirkby Microwave Ltd)
<drkirkby at kirkbymicrowave.co.uk> wrote:
> On 3 December 2016 at 14:21, Colin Law <clanlaw at gmail.com> wrote:
>
>> Yes you should setup a separate acct for paypal. Paypal is just
>> another bank account.
>>
>> Colin
>
> OK, fair enough.
>
> If, as occasionally happens, I purchase something that's partially
> funded from PayPal, and partially from the company bank account, how
> does one handle that?

Use splits to take money from the two accounts. Splits are not only
used for splitting a transaction across multiple expense accounts,
they can just as well take money from two (or more) asset accounts.

Colin


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