Bank statment payments in, categorise
I am showing income in paid invoices, I did categorise for example money paid to us from our merchant bank and paypal as general income but then I realised I am double entering the same income. I know this is a general book keeping question and not ZOHO specific. My thought is as the money in is shown in the bank statement and the income recorded as a paid invoice then I do not need to categorise this money(bank/paypal money paid in) is this correct?