Indeed, I’m not sure about you, but I am very impressed with PayPal’s business services. The reports that they generate make it very easy to keep track of whom you pay online, and who pays you. In fact, this will help very much when you try to generate 1099s every time you spent more than $600 in your business.
PayPal has obviously spent quite a bit of money developing this accounting software that runs behind their website, it’s nice to see that they understand how small businesses operate and what information they need to know for their records. For those small businesses that don’t have PayPal accounts, I recommend that they get one, and it is my belief that they will thoroughly enjoy the PayPal business services program to help them do the accounting.
It simplifies everything, and the itemized information, and the pre-generated invoices and receipts, and can easily be printed out for tax purposes – or you can allow your accountant to go online and read what’s there when they do your business books. It looks like PayPal has been first in many things, and they’ve grown by leaps and bounds because they understand their customers and what they need.
I suspect that over time the PayPal business services program will only get better, and make the accounting much easier for your the small business person that uses the service. Yes, PayPal gets it, and it seems to be getting better each and every day. As our businesses online grow, things can get more complicated.
Meanwhile the Internal Revenue Service and our government seems to be making things more complex all the time, it’s nice to know that someone is in our camp, and on our team helping us through the maze, and accounting nightmare that we often generate due to all the rules and regulations. Indeed I hope you will please consider all this.