Treasurer/How to process income

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Transferring PayPal to Bank

The PayPal account does not automatically dump its contents into the main banking account. To retrieve the funds in the PayPal account do the following:

  1. Login to PayPal with the account
  2. Click the "My Account" tab
  3. Click "Withdraw"
  4. Click "Withdraw funds to your bank account" (this is the free option)
  5. Withdraw the total amount in the account
  6. Record in the accounting software

Other Potential Sections

  • How to process checks
  • How to process cash