votrechien - 3:55 pm on Apr 14, 2012 (gmt 0)
It's pretty easy to simplify things down to the bare basics. For example, PayPal payments don't need to be itemized line by line, fee by fee. When you make a withdraw of #*$!, record the #*$! as revenues. So if you make a weekly withdraw that's only one thing to record (and of course, don't use your PayPal account for anything personal or this won't work!). Again, as with returns, your you're likely simply refunding the person and it'll be recorded against ur PayPal withdraws.
As my company has gotten bigger my accounting is much more simple than it as 3 or 4 years ago and is very manageable with a hour or two a week.