Is it possible in the new Paypal Connector app to treat a payment received from a client as a Deposit and applying it to an existing QBO invoice?

Yes, it is possible to treat payments received from clients via PayPal as deposits and apply them to existing QuickBooks Online (QBO) invoices using the PayPal Connector app, Nihil_imperator. I'd be glad to provide you the instructions and help you achieve this.

In QBO, to accurately record a payment received via the PayPal connector app, we first need to create an invoice and then match the transactions in the app's transaction section.

Here's how to create an Invoice:
 

1. Log in to your QBO account.
2. In the Upper right corner, Click + New.
3. Select Invoice under the Customers column.
4. Fill up all the accurate details, including the amount and customer information.
   
   

Once the Invoice is created, we can now Match Transactions in QBO. Here's how:

1. Mark the payment as received and ensure the payment method is correctly noted (e.g., PayPal).
2. Look for the payment under For Review in the App Transactions tab.
3. Match the payment transaction with the invoice transactions you recorded earlier.

By following these steps, you can ensure that payments received through PayPal are properly recorded and matched to invoices in QuickBooks Online, maintaining accurate financial records.

Additionally, I'll be sharing two valuable articles to help you record transactions using PayPal in QBO. These articles will guide you in personalizing and categorizing PayPal transactions just like other bank transactions.

• Use the PayPal Connector by QuickBooks app.
• Categorize Transactions from payment apps in QuickBooks Online.
  
  

Lastly, our knowledgeable team of experts is ready to provide immediate support tailored to your business's unique needs. We encourage you to consider our QuickBooks Live Expert Assisted service, which can help you upgrade your plans.

Always know that we are here and ready to assist you. Whether you have questions about creating a PayPal payment received or any QuickBooks concerns, we're just a message away and eager to help.