QB Issue Resolution:

You cannot link PayPal into your Checking Account.

PayPal should be set up as a Bank Account.

When you receive payments via PayPal, you Deposit the payments into PayPal, not the Checking Account.

When you make purchases via PayPal, you use Check and make sure PayPal is selected in the Bank Account, not the Checking Account.

When you transfer money out of PayPal in to the Checking Account, click on + and click Transfer. From Account: PayPal To Account: Checking Account.

When you transfer money into PayPal from Checking Account. Go to Transfer From Account: Checking Account To Account: PayPal.

Make sure you Reconcile PayPal each month just like you do the Checking Account.

Resolution for Issue 'My paypal is linked to my checking account but when I try to link it here it says that account already exists.' available: Yes (Solved).
Source: Intuit Community forum.

My paypal is linked to my checking account but when I try to link it here it says that account already exists.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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