QB Issue Resolution:

When you’re trying to Assign the Payments (negative amounts on PayPal), what type of account are you assigning it to (i.e. Expense, Asset, Inventory, Liability)? You can tell by when you click on the pull down when assigning the transaction, to the right it will say what type of account it is.

Resolution for Issue 'You need to select a different type of account for this transaction' available: Yes (Solved).
Source: Intuit Community forum.

You need to select a different type of account for this transaction: 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.

Support for Payment
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