Pay. Pal Link | Big Red Consulting Big Red Consulting. Use the Pay. Pal Link to import Pay. Pal transactions into Quick. Books. For most Pay. Pal transaction types, everything needed to keep your Pay. Pal account in balance is created, including transactions to represent your sales, purchases, and fees. Intuit's Quickbooks accounting software is designed to simplify bookkeeping and accounting for small businesses and self-employed individuals who don't have an accountant of their own. While Quickbooks allows you to automatically import transactions from some bank accounts, adding a PayPal account. Importing PayPal transactions into QuickBooks. I have a new client that invoices his clients through paypal and receives 75 percent of his payments that way, rest are checks. Import your PayPal account activity into QuickBooks. Includes support for purchases and sales. Sales can be imported as invoices, sales receipts, or payments. Includes support for shopping cart details, and you can import your PayPal data without any additional data entry. PayPal lets you send money to anyone with email. Downloadable History: Download your account transaction history for Quicken, QuickBooks or a comma-delimited text file! Benefits. Sort, filter and subtotal payments in a spreadsheet; View your transactions in a customizable format; Download your transaction information into Quicken or QuickBooks; How It Works Step 1: View your History and click on the link to Download Log. Step 2: Specify which information you would like to download. Step. Primary features. Individual sales transactions per receipt: Each receipt becomes an invoice, a sales receipt, or a payment (you choose.) See the example screenshot below. Import customer names and addresses: Names, street, and email addresses are automatically included on new customer records. Addresses are also added to sales transactions. Inventory management: Items sold are included on sales transactions. When they are imported, inventory is automatically reduced (if you track inventory. You can use most any item type including services and non- inventory parts.)Pay. Pal shopping cart support: If your Pay. Pal file contains shopping cart details, those details are transferred to Quick. Books on your sales transactions for even better inventory management. Bay: The add- in also enables e. Bay integration with your Quick. Books company file. This saves you time managing your auctions and payments, and enables easy accounting integration between e. Bay and Pay. Pal sales history, and it saves error- prone data entry. Free Trial. Download this addin for a free trial, which allows you to try before you buy. Click the Windows or Mac logo above to download. You can use the trial to test the addin in your environment with a limited number of transactions. When you purchase then use your product key to unlock the trial to the full version. PayPal offers QuickBooks file downloads, which makes it easy to import and categorize PayPal transactions. Intuit has introduced the QuickBooks Online Sync with PayPal app, which makes integration between QuickBooks Online and PayPal work very smoothly. The Sync with PayPal free app automatically imports your PayPal sales transactions, fees, taxes, and discounts into QuickBooks. Here's how to integrate PayPal into QuickBooks, using either an add-on program or an Excel spreadsheet. PayPal is an international e-commerce business allowing payments and money transfers to be made through the Internet for a fee. Millions of companies use PayPal and if you are one of them or are considering becoming a user you may be wondering how to get the information from PayPal into QuickBooks. How to Put a Pay. Pal Account in Quickbooks. Intuit's Quickbooks accounting software is designed to simplify bookkeeping and accounting for small businesses and self- employed individuals who don't have an accountant of their own. While Quickbooks allows you to automatically import transactions from some bank accounts, adding a Pay. Pal account to Quickbooks so you can keep track of online transactions requires a little more work. Although automatic syncing isn't possible, you can still manually export transactions from your Pay. Pal account and add them into Quickbooks. Step 1. Navigate to the Pay. Pal website in your preferred browser. Log in using the username and password for your business account. If you do not have a separate Pay. Pal account for your business, log in using your personal account credentials. Step 3. Enter the date range you wish to download data from or select the "Last Download to Present" option if you wish to download all data since the date of your last download. If you've never downloaded any data from Pay. Pal, the latter option will only download data from the past week. Step 4. Select "Quickbooks (. File Type for Download" drop- down menu to ensure full compatibility with the Quickbooks software. Click the "Download History" button. Step 5. Enter a name for your Pay. Pal account that will be used by Quickbooks, as well as names for your Other Expenses and Other Income listings. The latter options will be used to track items such as Pay. Pal fees and cash back payments from the Pay. Pal debit card if you have one. Click the "Download Log" button to complete the file download, then log out of Pay. Pal. Step 6. Launch Quickbooks and open the profile you wish to use to keep track of your Pay. Pal transactions. Create new entries for your Pay. Pal transactions, expenses and other income as you have with other account types, adding them in the "Customer and Vendor Profile" option in the program. Make sure that the names for the three listings are the same as the ones you used on the Pay. Pal website. Step 7. Open the File menu and mouse over the "Utilities" option to open a new submenu; mouse over the "Import" option and click "IFF Files." Select the IFF file you downloaded from Pay. Pal and click "OK" to begin the import process. Step 8. Save the Quickbooks profile once the import is complete. Your Pay. Pal data will automatically be placed in the proper categories as part of the import process. Tip. If you wish to integrate your Pay. Pal payments, fees and other income into existing categories, simply enter those category names in the appropriate fields when exporting your data from Pay. Pal. If you do so, there is no need to create new categories within Quickbooks. About the Author. Born in West Virginia, Jack Gerard now lives in Kentucky. A writer and editor with more than 1. A former nationally ranked sport fencer, Gerard also spent several years as a fencing coach and trainer.
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