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PayPal funds are made available after fees have been deducted, creating differences between the PRONTO Cash Receipt amount and the actual amount deposited to your bank account.
However, PayPal also send an email to the merchant for each transaction, which contains the Receipt Number in the description. This will assist in matching PayPal transactions to PRONTO invoices and cash receipts.
Consider the following scenario:
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The above is suggested as a guide only; please consult your accountant or business manager regarding your internal reconciliation procedure for online transactions and the handling of PayPal fees.
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