I am the bookkeeper to a client that uses working capital. This is my first client with Paypal and I am just trying to understand the payment process. I have gone back to 2017 in which my client borrowed funds. I see the payments, Loans, and fees have been booked correctly. However, when he takes out another loan there is usually an overpayment on his account in the accounting program. Is it normal for a client to overpay and have a credit when they take out another loan or is the working capital account paid in full like any other loan? If the account starts at zero, I will have research what the overpayment is all about. I have gone into history and all payments tie out. Not sure where the negative is coming from and I am not seeing anywhere that I can download an actual working capital statement in payment to reconcile this account. I have reconciled the Paypal expense account. Any help would be appreciated. you can contact me at <deleted>
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