diff --git a/account_statement_import_online_paypal/README.rst b/account_statement_import_online_paypal/README.rst
index 2ab7b118..3b3112be 100644
--- a/account_statement_import_online_paypal/README.rst
+++ b/account_statement_import_online_paypal/README.rst
@@ -2,10 +2,13 @@
 Online Bank Statements: PayPal.com
 ==================================
 
-.. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+.. 
+   !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    !! This file is generated by oca-gen-addon-readme !!
    !! changes will be overwritten.                   !!
    !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+   !! source digest: sha256:26af4e5288afb6f7af8bd84132925bd6dea1bf3bbb77c739000c747423e4dc9e
+   !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
 .. |badge1| image:: https://img.shields.io/badge/maturity-Beta-yellow.png
     :target: https://odoo-community.org/page/development-status
@@ -19,11 +22,11 @@ Online Bank Statements: PayPal.com
 .. |badge4| image:: https://img.shields.io/badge/weblate-Translate%20me-F47D42.png
     :target: https://translation.odoo-community.org/projects/bank-statement-import-15-0/bank-statement-import-15-0-account_statement_import_online_paypal
     :alt: Translate me on Weblate
-.. |badge5| image:: https://img.shields.io/badge/runbot-Try%20me-875A7B.png
-    :target: https://runbot.odoo-community.org/runbot/174/15.0
-    :alt: Try me on Runbot
+.. |badge5| image:: https://img.shields.io/badge/runboat-Try%20me-875A7B.png
+    :target: https://runboat.odoo-community.org/builds?repo=OCA/bank-statement-import&target_branch=15.0
+    :alt: Try me on Runboat
 
-|badge1| |badge2| |badge3| |badge4| |badge5| 
+|badge1| |badge2| |badge3| |badge4| |badge5|
 
 This module provides online bank statements from
 `PayPal.com <https://paypal.com/>`__.
@@ -105,7 +108,7 @@ Bug Tracker
 
 Bugs are tracked on `GitHub Issues <https://github.com/OCA/bank-statement-import/issues>`_.
 In case of trouble, please check there if your issue has already been reported.
-If you spotted it first, help us smashing it by providing a detailed and welcomed
+If you spotted it first, help us to smash it by providing a detailed and welcomed
 `feedback <https://github.com/OCA/bank-statement-import/issues/new?body=module:%20account_statement_import_online_paypal%0Aversion:%2015.0%0A%0A**Steps%20to%20reproduce**%0A-%20...%0A%0A**Current%20behavior**%0A%0A**Expected%20behavior**>`_.
 
 Do not contact contributors directly about support or help with technical issues.
diff --git a/account_statement_import_online_paypal/__manifest__.py b/account_statement_import_online_paypal/__manifest__.py
index af7870d3..d4b785bd 100644
--- a/account_statement_import_online_paypal/__manifest__.py
+++ b/account_statement_import_online_paypal/__manifest__.py
@@ -4,7 +4,7 @@
 
 {
     "name": "Online Bank Statements: PayPal.com",
-    "version": "15.0.1.1.0",
+    "version": "15.0.1.1.1",
     "author": "CorporateHub, Odoo Community Association (OCA)",
     "maintainers": ["alexey-pelykh"],
     "website": "https://github.com/OCA/bank-statement-import",
diff --git a/account_statement_import_online_paypal/models/online_bank_statement_provider_paypal.py b/account_statement_import_online_paypal/models/online_bank_statement_provider_paypal.py
index 8665ac5c..b48b3991 100644
--- a/account_statement_import_online_paypal/models/online_bank_statement_provider_paypal.py
+++ b/account_statement_import_online_paypal/models/online_bank_statement_provider_paypal.py
@@ -206,8 +206,11 @@ class OnlineBankStatementProviderPayPal(models.Model):
             token, currency, date_since, date_until
         )
         if not transactions:
-            balance = self._paypal_get_balance(token, currency, date_since)
-            return [], {"balance_start": balance, "balance_end_real": balance}
+            if self.allow_empty_statements:
+                balance = self._paypal_get_balance(token, currency, date_since)
+                return [], {"balance_start": balance, "balance_end_real": balance}
+            else:
+                return None
 
         # Normalize transactions, sort by date, and get lines
         transactions = list(
diff --git a/account_statement_import_online_paypal/static/description/index.html b/account_statement_import_online_paypal/static/description/index.html
index af8636c0..8b3c341a 100644
--- a/account_statement_import_online_paypal/static/description/index.html
+++ b/account_statement_import_online_paypal/static/description/index.html
@@ -1,20 +1,20 @@
-<?xml version="1.0" encoding="utf-8" ?>
+<?xml version="1.0" encoding="utf-8"?>
 <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
 <html xmlns="http://www.w3.org/1999/xhtml" xml:lang="en" lang="en">
 <head>
 <meta http-equiv="Content-Type" content="text/html; charset=utf-8" />
-<meta name="generator" content="Docutils 0.15.1: http://docutils.sourceforge.net/" />
+<meta name="generator" content="Docutils: https://docutils.sourceforge.io/" />
 <title>Online Bank Statements: PayPal.com</title>
 <style type="text/css">
 
 /*
 :Author: David Goodger (goodger@python.org)
-:Id: $Id: html4css1.css 7952 2016-07-26 18:15:59Z milde $
+:Id: $Id: html4css1.css 8954 2022-01-20 10:10:25Z milde $
 :Copyright: This stylesheet has been placed in the public domain.
 
 Default cascading style sheet for the HTML output of Docutils.
 
-See http://docutils.sf.net/docs/howto/html-stylesheets.html for how to
+See https://docutils.sourceforge.io/docs/howto/html-stylesheets.html for how to
 customize this style sheet.
 */
 
@@ -366,27 +366,29 @@ ul.auto-toc {
 <!-- !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 !! This file is generated by oca-gen-addon-readme !!
 !! changes will be overwritten.                   !!
+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+!! source digest: sha256:26af4e5288afb6f7af8bd84132925bd6dea1bf3bbb77c739000c747423e4dc9e
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! -->
-<p><a class="reference external" href="https://odoo-community.org/page/development-status"><img alt="Beta" src="https://img.shields.io/badge/maturity-Beta-yellow.png" /></a> <a class="reference external" href="http://www.gnu.org/licenses/agpl-3.0-standalone.html"><img alt="License: AGPL-3" src="https://img.shields.io/badge/licence-AGPL--3-blue.png" /></a> <a class="reference external" href="https://github.com/OCA/bank-statement-import/tree/15.0/account_statement_import_online_paypal"><img alt="OCA/bank-statement-import" src="https://img.shields.io/badge/github-OCA%2Fbank--statement--import-lightgray.png?logo=github" /></a> <a class="reference external" href="https://translation.odoo-community.org/projects/bank-statement-import-15-0/bank-statement-import-15-0-account_statement_import_online_paypal"><img alt="Translate me on Weblate" src="https://img.shields.io/badge/weblate-Translate%20me-F47D42.png" /></a> <a class="reference external" href="https://runbot.odoo-community.org/runbot/174/15.0"><img alt="Try me on Runbot" src="https://img.shields.io/badge/runbot-Try%20me-875A7B.png" /></a></p>
+<p><a class="reference external image-reference" href="https://odoo-community.org/page/development-status"><img alt="Beta" src="https://img.shields.io/badge/maturity-Beta-yellow.png" /></a> <a class="reference external image-reference" href="http://www.gnu.org/licenses/agpl-3.0-standalone.html"><img alt="License: AGPL-3" src="https://img.shields.io/badge/licence-AGPL--3-blue.png" /></a> <a class="reference external image-reference" href="https://github.com/OCA/bank-statement-import/tree/15.0/account_statement_import_online_paypal"><img alt="OCA/bank-statement-import" src="https://img.shields.io/badge/github-OCA%2Fbank--statement--import-lightgray.png?logo=github" /></a> <a class="reference external image-reference" href="https://translation.odoo-community.org/projects/bank-statement-import-15-0/bank-statement-import-15-0-account_statement_import_online_paypal"><img alt="Translate me on Weblate" src="https://img.shields.io/badge/weblate-Translate%20me-F47D42.png" /></a> <a class="reference external image-reference" href="https://runboat.odoo-community.org/builds?repo=OCA/bank-statement-import&amp;target_branch=15.0"><img alt="Try me on Runboat" src="https://img.shields.io/badge/runboat-Try%20me-875A7B.png" /></a></p>
 <p>This module provides online bank statements from
 <a class="reference external" href="https://paypal.com/">PayPal.com</a>.</p>
 <p><strong>Table of contents</strong></p>
 <div class="contents local topic" id="contents">
 <ul class="simple">
-<li><a class="reference internal" href="#configuration" id="id1">Configuration</a></li>
-<li><a class="reference internal" href="#usage" id="id2">Usage</a></li>
-<li><a class="reference internal" href="#known-issues-roadmap" id="id3">Known issues / Roadmap</a></li>
-<li><a class="reference internal" href="#bug-tracker" id="id4">Bug Tracker</a></li>
-<li><a class="reference internal" href="#credits" id="id5">Credits</a><ul>
-<li><a class="reference internal" href="#authors" id="id6">Authors</a></li>
-<li><a class="reference internal" href="#contributors" id="id7">Contributors</a></li>
-<li><a class="reference internal" href="#maintainers" id="id8">Maintainers</a></li>
+<li><a class="reference internal" href="#configuration" id="toc-entry-1">Configuration</a></li>
+<li><a class="reference internal" href="#usage" id="toc-entry-2">Usage</a></li>
+<li><a class="reference internal" href="#known-issues-roadmap" id="toc-entry-3">Known issues / Roadmap</a></li>
+<li><a class="reference internal" href="#bug-tracker" id="toc-entry-4">Bug Tracker</a></li>
+<li><a class="reference internal" href="#credits" id="toc-entry-5">Credits</a><ul>
+<li><a class="reference internal" href="#authors" id="toc-entry-6">Authors</a></li>
+<li><a class="reference internal" href="#contributors" id="toc-entry-7">Contributors</a></li>
+<li><a class="reference internal" href="#maintainers" id="toc-entry-8">Maintainers</a></li>
 </ul>
 </li>
 </ul>
 </div>
 <div class="section" id="configuration">
-<h1><a class="toc-backref" href="#id1">Configuration</a></h1>
+<h1><a class="toc-backref" href="#toc-entry-1">Configuration</a></h1>
 <p>You will need a <em>Client ID</em> and <em>Secret</em> from PayPal to communicate with the PayPal API. To obtain your PayPal API
 <em>Client ID</em> and <em>Secret</em>:</p>
 <ol class="arabic simple">
@@ -427,7 +429,7 @@ for Business</em> account. When configuring the provider-specific settings, ente
 <a class="reference external" href="https://api.sandbox.paypal.com">https://api.sandbox.paypal.com</a></p>
 </div>
 <div class="section" id="usage">
-<h1><a class="toc-backref" href="#id2">Usage</a></h1>
+<h1><a class="toc-backref" href="#toc-entry-2">Usage</a></h1>
 <p>To pull historical bank statements:</p>
 <ol class="arabic simple">
 <li>Go to <em>Invoicing &gt; Configuration &gt; Accounting &gt; Journals</em>.</li>
@@ -437,7 +439,7 @@ for Business</em> account. When configuring the provider-specific settings, ente
 </ol>
 </div>
 <div class="section" id="known-issues-roadmap">
-<h1><a class="toc-backref" href="#id3">Known issues / Roadmap</a></h1>
+<h1><a class="toc-backref" href="#toc-entry-3">Known issues / Roadmap</a></h1>
 <ul class="simple">
 <li>Only transactions for the previous three years are retrieved, historical data
 can be imported manually, see <tt class="docutils literal">account_bank_statement_import_paypal</tt>. See
@@ -453,23 +455,23 @@ behaviour in case #06650320 (private).</li>
 </ul>
 </div>
 <div class="section" id="bug-tracker">
-<h1><a class="toc-backref" href="#id4">Bug Tracker</a></h1>
+<h1><a class="toc-backref" href="#toc-entry-4">Bug Tracker</a></h1>
 <p>Bugs are tracked on <a class="reference external" href="https://github.com/OCA/bank-statement-import/issues">GitHub Issues</a>.
 In case of trouble, please check there if your issue has already been reported.
-If you spotted it first, help us smashing it by providing a detailed and welcomed
+If you spotted it first, help us to smash it by providing a detailed and welcomed
 <a class="reference external" href="https://github.com/OCA/bank-statement-import/issues/new?body=module:%20account_statement_import_online_paypal%0Aversion:%2015.0%0A%0A**Steps%20to%20reproduce**%0A-%20...%0A%0A**Current%20behavior**%0A%0A**Expected%20behavior**">feedback</a>.</p>
 <p>Do not contact contributors directly about support or help with technical issues.</p>
 </div>
 <div class="section" id="credits">
-<h1><a class="toc-backref" href="#id5">Credits</a></h1>
+<h1><a class="toc-backref" href="#toc-entry-5">Credits</a></h1>
 <div class="section" id="authors">
-<h2><a class="toc-backref" href="#id6">Authors</a></h2>
+<h2><a class="toc-backref" href="#toc-entry-6">Authors</a></h2>
 <ul class="simple">
 <li>CorporateHub</li>
 </ul>
 </div>
 <div class="section" id="contributors">
-<h2><a class="toc-backref" href="#id7">Contributors</a></h2>
+<h2><a class="toc-backref" href="#toc-entry-7">Contributors</a></h2>
 <ul class="simple">
 <li><a class="reference external" href="https://corporatehub.eu/">CorporateHub</a><ul>
 <li>Alexey Pelykh &lt;<a class="reference external" href="mailto:alexey.pelykh&#64;corphub.eu">alexey.pelykh&#64;corphub.eu</a>&gt;</li>
@@ -480,14 +482,14 @@ If you spotted it first, help us smashing it by providing a detailed and welcome
 </ul>
 </div>
 <div class="section" id="maintainers">
-<h2><a class="toc-backref" href="#id8">Maintainers</a></h2>
+<h2><a class="toc-backref" href="#toc-entry-8">Maintainers</a></h2>
 <p>This module is maintained by the OCA.</p>
 <a class="reference external image-reference" href="https://odoo-community.org"><img alt="Odoo Community Association" src="https://odoo-community.org/logo.png" /></a>
 <p>OCA, or the Odoo Community Association, is a nonprofit organization whose
 mission is to support the collaborative development of Odoo features and
 promote its widespread use.</p>
 <p>Current <a class="reference external" href="https://odoo-community.org/page/maintainer-role">maintainer</a>:</p>
-<p><a class="reference external" href="https://github.com/alexey-pelykh"><img alt="alexey-pelykh" src="https://github.com/alexey-pelykh.png?size=40px" /></a></p>
+<p><a class="reference external image-reference" href="https://github.com/alexey-pelykh"><img alt="alexey-pelykh" src="https://github.com/alexey-pelykh.png?size=40px" /></a></p>
 <p>This module is part of the <a class="reference external" href="https://github.com/OCA/bank-statement-import/tree/15.0/account_statement_import_online_paypal">OCA/bank-statement-import</a> project on GitHub.</p>
 <p>You are welcome to contribute. To learn how please visit <a class="reference external" href="https://odoo-community.org/page/Contribute">https://odoo-community.org/page/Contribute</a>.</p>
 </div>
diff --git a/account_statement_import_online_paypal/tests/test_account_statement_import_online_paypal.py b/account_statement_import_online_paypal/tests/test_account_statement_import_online_paypal.py
index ac082705..fb02795b 100644
--- a/account_statement_import_online_paypal/tests/test_account_statement_import_online_paypal.py
+++ b/account_statement_import_online_paypal/tests/test_account_statement_import_online_paypal.py
@@ -275,7 +275,7 @@ class TestAccountBankAccountStatementImportOnlinePayPal(common.TransactionCase):
                 self.now,
             )
 
-        self.assertEqual(data, ([], {"balance_start": 0.75, "balance_end_real": 0.75}))
+        self.assertEqual(data, None)
 
     def test_error_handling_1(self):
         journal = self.AccountJournal.create(
@@ -331,7 +331,10 @@ class TestAccountBankAccountStatementImportOnlinePayPal(common.TransactionCase):
             with self.assertRaises(UserError):
                 provider._paypal_retrieve("https://url", "")
 
-    def test_empty_pull(self):
+    def test_dont_create_empty_paypal_statements(self):
+        """Test the default behavior of not creating empty PayPal
+        statements ('Allow empty statements' field is unchecked).
+        """
         journal = self.AccountJournal.create(
             {
                 "name": "Bank",
@@ -401,6 +404,82 @@ class TestAccountBankAccountStatementImportOnlinePayPal(common.TransactionCase):
                 self.now,
             )
 
+        self.assertEqual(data, None)
+
+    def test_create_empty_paypal_statements(self):
+        """Test creating empty PayPal statements
+        ('Allow empty statements' field is checked).
+        """
+        journal = self.AccountJournal.create(
+            {
+                "name": "Bank",
+                "type": "bank",
+                "code": "BANK",
+                "currency_id": self.currency_eur.id,
+                "bank_statements_source": "online",
+                "online_bank_statement_provider": "paypal",
+            }
+        )
+
+        provider = journal.online_bank_statement_provider_id
+        provider.allow_empty_statements = True
+        mocked_response_1 = json.loads(
+            """{
+    "transaction_details": [],
+    "account_number": "1234567890",
+    "start_date": "%s",
+    "end_date": "%s",
+    "last_refreshed_datetime": "%s",
+    "page": 1,
+    "total_items": 0,
+    "total_pages": 0
+}"""
+            % (
+                self.now_isoformat,
+                self.now_isoformat,
+                self.now_isoformat,
+            ),
+            parse_float=Decimal,
+        )
+        mocked_response_2 = json.loads(
+            """{
+    "balances": [
+        {
+            "currency": "EUR",
+            "primary": true,
+            "total_balance": {
+                "currency_code": "EUR",
+                "value": "0.75"
+            },
+            "available_balance": {
+                "currency_code": "EUR",
+                "value": "0.75"
+            },
+            "withheld_balance": {
+                "currency_code": "EUR",
+                "value": "0.00"
+            }
+        }
+    ],
+    "account_id": "1234567890",
+    "as_of_time": "%s",
+    "last_refresh_time": "%s"
+}"""
+            % (
+                self.now_isoformat,
+                self.now_isoformat,
+            ),
+            parse_float=Decimal,
+        )
+        with mock.patch(
+            _provider_class + "._paypal_retrieve",
+            side_effect=[mocked_response_1, mocked_response_2],
+        ), self.mock_token():
+            data = provider._obtain_statement_data(
+                self.now - relativedelta(hours=1),
+                self.now,
+            )
+
         self.assertEqual(data, ([], {"balance_start": 0.75, "balance_end_real": 0.75}))
 
     def test_ancient_pull(self):