Is your CA asking you for PayPal statement?
If not, you should ensure he is justifying the accounting job that you have hired him for.
Unlike old days, now PayPal transactionsare necessary for proper accounting & only a few chartered accounting firm asks their client for PayPal transaction details. If you are not being asked for the same, you should ask your CA to use PayPal record for accounting purpose. This is crucial when you are earning more than 10 million INR (1 Crore) in a financial year
In this post, you would learn how to export your transaction details on PayPal in .csv or .xlxs format.
Use transaction finder to export PayPal statement:
PayPal has recently launched their new UI & it got a modern design. The only problem is old PayPal users like you & me, need to get used to new interface. Simply follow the steps as shown below & you would be able to export your PayPal transaction details.
Log in to your PayPal accountClick on reports at the topClick on transaction & click on transaction finderIn the date range, specify the date for which you need to export the details.
Note: The allowed date range is for 90 days.
You can also use filters like transaction types, currency to further refine your search. Click on search & results would be shown on the same page. Just select the option at the right to export the data in any format you desire.
That’s it! Download will happen instantly & you can do the needful from here.
Even if you don’t use it for your accounting purpose, year-end audit would help you to find which monetization technique is working out best for you & you can plan your strategy accordingly.