paypal debit pending / memo completed
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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!
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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!
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