neilsen69
Sep 24, 2009, 09:59 AM
My company does e-commerce, and paypal holds back a reserve on our merchant account.
How do I classify this money sitting sequestered in a paypal account in my accounting software. Is this money savings, other current asset or a liability, due to it being held as collateral against charge backs and will be released after 90 days from date of transaction.
How do I classify this money sitting sequestered in a paypal account in my accounting software. Is this money savings, other current asset or a liability, due to it being held as collateral against charge backs and will be released after 90 days from date of transaction.





