what type of Reckon Hosted advisor do I need - show me how to do Paypal USD reconciliation

  • 1
  • Question
  • Updated 1 year ago
My business uses Paypal in AUD and USD for receiving customer payments. Bulk sales figures are keyed into Reckon for each currency. We use a monthly average conversion rate to estimate a bulk USD sales figure. And periodically we do a journal transaction to show gains or losses between the conversion process and the amounts actually received as AUD into our bank account.

I am seeking someone knowledgable enough in situations like mine that can provide me with one on one instruction on how to successfully reconcile the Paypal account - including how to calculate opening/closing Paypal balances on the USD account. 

When looking for an advisor I don't know whether my situation requires a bookkeeper or consultant. 

Your advice is appreciated.

Regards, Lee
Photo of Lee

Lee

  • 336 Points 250 badge 2x thumb

Posted 1 year ago

  • 1

Be the first to post a reply!