With the integration between QuickBooks and PayPal, the features of two excellent platforms can be experienced. QuickBooks PayPal integration into your work process can assist you with getting precise and constant reports on deals made through PayPal. It also guarantees an effective amalgamation without a need to re-check or add anything. Thus, it is ideal for internet business organizations with numerous exchanges, classes, and a requirement for customization.
To assist you in integrating QuickBooks with PayPal, we have outlined a method in this blog. This method aims to assist the QuickBooks Online users in integrating PayPal. In addition to this method, you can also find the benefits of the integration between the two.
What is QuickBooks PayPal Integration?
The integration between QB and PayPal can mean connecting the two platforms. Acknowledging payments with PayPal is completely incorporated with QuickBooks. This means that all the payments that are gathered for your QB buys and the related PayPal exchange charges can be naturally recorded into a record based on your personal preference.
PayPal is a mainstream payment application for a large number of clients. It is the most ideal approach to send or get cash from customers, vendors, clients, and relatives. PayPal is also very significant for the traders who work in the business sector or organizations abroad. Keeping this in mind, when you integrate PayPal with QuickBooks Online or a QB version, many professionals will be able to benefit.
Accessible Features with QuickBooks PayPal Integration
Let us now see the features that you can expect with QB Desktop/QuickBooks Online PayPal integration.
1. Associate Your Account
Association with this online payment platform joins your PayPal account to QuickBooks as a bank.
2. Auto-sync Deals’ Information
Deals, receipts, and capture line level subtleties, for example, things sold, limits, delivery, and expenses can be automatically synced with this integration.
3. Audit PayPal Exchanges
You can audit and check your PayPal exchanges prior to adding them to your books.
4. Accommodate Your PayPal Account
PayPal charges are recorded as a cost. Thus, you don’t need to enter them by hand, provided that the integration between PayPal and QB has been done.
Benefits of QuickBooks PayPal Integration
With QuickBooks Online or QuickBooks Desktop PayPal integration, you can get the following benefits:
1. Make Immediate Installments
Send solicitations online from QuickBooks with a “Pay Now” button. This button helps to permit clients to immediately make an online instalment. It is done by means of a card or bank move, thus, utilizing their PayPal business account.
2. Lessen Manual Work
Payments with PayPal are completely coordinated with QB. With this feature, manual work will be reduced. Thus, this integration can be really convenient.
3. Save Additional Time
Integrated Payments with PayPal guarantees your QuickBooks receipt instalments. With this, the exchange charges are also recorded well on time. They are also consequently added to the software. So, there is no requirement for any kind of manual work with QBO/QuickBooks Desktop PayPal integration.
4. Get Paid Quicker
Exploring the benefits of QB and PayPal integration, it has been found that you can be paid multiple times quicker when you take payments through this online payment platform. Your client accepts his/her receipt when the task gets finished. Thus, the payment can be made straight away.
How to Perform PayPal and QuickBooks Online Integration?
PayPal and QuickBooks Online integration can be done when you have signed in to the software. You can move to the Applications tab. You can start searching for PayPal. When you find the Get App Now option, press it. Now, choose your company and continue to follow the prompts appearing on the display.
You can also follow the steps given below to synchronize and incorporate PayPal with QB:
- Firstly, open “QuickBooks Online”.
- Signing into your account is the next step.
- Click on “Apps”.
- Look for “PayPal” by searching for it.
- Pick “Get App Now”.
- Opt for “QuickBooks Online Company”.
- “Allow/Authorize” needs to be chosen.
Note: Subsequent to doing the above for QuickBooks Online PayPal integration, payment will begin to sync in regular intervals, such as 15 minutes. New exchanges between QBO and PayPal will also be initiated. A detailed summary of the same will be available. You can go through it.
Tip: For importing PayPal transactions, the following can be done:
- You can use a CSV file or IFF file for importing the transactions to QB.
- “Drag & Drop” is available should you like to use PayPal API.
- For importing your transactions to the accounting software, “Paypal Bank Feed” should be considered.
QuickBooks and PayPal have multiple advantages but with their integration, the users can access more benefits. Intuit’s QuickBooks bookkeeping programming is intended to work on accounting and representing independent companies and independently employed people who don’t have their very own accountant. While QuickBooks permits you to consequently import exchanges from some ledgers, adding a PayPal record to QuickBooks can help you to monitor online exchanges. You can also physically trade exchanges from your PayPal record and add them into QuickBooks which works similarly to how you integrate PayPal with QuickBooks online.
Some of you may still be looking for a simpler way to do the integration of PayPal with QuickBooks. Conectier is the platform you seek. We feature an integration platform that helps