paypal debit pending / memo completed

GregSanders
Contributor
Contributor

Hello,

I've searched, but haven't found a satisfactory answer to this yet.

Basically, I have records where:

    Balance Impact is "Debit"

    Status is "Pending"       (one transaction is dated 08/19/2017)

However, there is also a matching transaction, 7 days later, where:

    Balance Impact is "Memo"

    Status is "Completed"   (dated 08/26/2017)

What does this mean?

Thanks in advance!

Login to Me Too
1 REPLY 1

Tranzzporter
Contributor
Contributor

This doesn't make sense to me [but then, I'm not an accountant]...Why would "Pending" be marked as the "Debit" when it happens before "Completed" occurs -- and "Completed" is called a "Memo"?!?  That makes no sense!  "Pending" should be the "Memo" and "Completed" should be the "Debit".  "Pending" implies the possibility of failure-- i.e. the transaction not going through -- yet it's already marked as Debit!  What happens if the transaction fails?  

This bothers me, because it degrades my confidence in the report!

Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.