Sync Authorize.net with QuickBooks

Automation is one of the unavoidable aspects of present-day life. It is constantly proving to be the accelerator of growth. As the globe is moving towards a better future, it is necessary for you to keep your business one among them. Whatever your business might be, it definitely involves the process of accounting. And accounting will invariably ask you to spend hours with your keyboard to enter the transaction details manually. 

Why would someone still cling to the traditional methods of bookkeeping in the modern era? If you ask back, why you should change, then read further to know the answer.

It takes around 15 hours a week for a small business to manual key the transaction details into QuickBooks. Imagine the work being completed within seconds with the help of automation tools? To discuss the sure possibility of it, we are here with our application called PayTraQer. 

Our application will help you finish your books on the dot with zero errors. If you are using Authorize.Net and QuickBooks for your business transactions, then our application will be the missing point in your business. Let us dive deep into Authorize.Net and QuickBooks integration. 

Why You Should Switch to Automation

Both QuickBooks and Authorize.Net are hotshots in their respective fields. Authorize.Net is one of the most amazing payment systems and QuickBooks is the most endeared accounting software that specializes in doing numerous accounting chores. As you have both these tools, you might be wondering what’s the need for another application.

These applications ease your payment processes and take care of the number-crunching and other accounting works. But they couldn’t complete their work without one another. This is because QuickBooks cannot fetch details from Authorize.Net on its own. And Authorize.Net too cannot send the transaction details. 

The usual solution you seek here is by appointing a person and letting the data entry person do the typing work for hours. Statistics show that it takes around 15 to 20 hours to type 300 transactions which is surely a huge amount of time. Even if the specialists are doing the work, the maximum keystroke they can attain is 12,000 to 15,000 keystrokes/hour. This is how difficult manual keying is. What if the process is automated? It won’t even take a minute to sync the transactions. From hours to seconds, what a spell-bounding transformation it is. 

PayTraQer helps you achieve that. The software imports the data and carries out all the interactions with Authorize.Net and transfers the data into QuickBooks Online automatically and accurately. 

Hence PayTraQer helps you have a reconciliation process easier than you ever imagined. All your worries and headaches will come to an end and you will be prevented from having penalties during tax filing. 

What is PayTraQer

PayTraQer is an Intuit authorized number one used rated application that can sync unlimited Authorize.Net transactions into QuickBooks automatically. Along with transactions, PayTraQer also carries the customer, item, discount, refund, receipts and tax details from your Authorize.Net account. You can also frame your own rules in PayTraQer as it also has an advanced customization option. This option helps you fine-tune the data however you want it in QuickBooks. Some more special features of the application are duplicate payment detection and multi-currency sync. Overall, PayTraQer is going to make your accounting sweat-free with seamless Authorize.Net and QuickBooks integration.

How to Install?

PayTraQer is available in the Intuit AppStore. Search for ‘PayTraQer’ in the AppStore and hit the ‘Get App Now’ button. Then sign in with your QuickBooks credentials and connect to your Authorize.Net. Once you have connected, you can sync hundreds of transactions automatically. You don’t have to pay for the app for the first 30-days as we have a free trial that will let you explore all the options. 

Historic Sync

We gave you an idea of how to sync your ongoing transactions. Now let us jump into the historic transactions. When you enter the PayTraQer dashboard for the first time, you could see the transactions for the past 60 days already being downloaded there. With just a click, you can sync them all.

If you want to sync even older transactions, there is no need to worry. Go to settings and click Historic transactions and enter the date limit you want. Once done, click a button and you will be able to download and sync all the transactions between the date range you mentioned. 

Reconciling Authorize.Net payments

First, you need to prepare your records. Create a bank account in QuickBooks named Authorize.Net Bank Account and use it only for the purpose of recording your Authorize.Net transactions. Never mix up your other transactions or else there will be a huge reconciliation error. Then upload your bank statement in QuickBooks or set up your bank feed. The downloaded transactions will be seen in the review section. 

Then configure Authorize.Net Sales, Fees, Expense and Payout settings with your Authorize.Net bank account. Now we have come to the bank review section. It could be seen that the TRANSFER transactions of “Authorize.Net Bank Account'' are matched against your deposits. These TRANSFER transactions will not be created if you have not enabled Payout processing in PayTraQer. 

Click ‘Match link’ to accept the transactions. You can also create TRANSFER transactions directly IN the Bank Review screen if it is not available. The next step is the most important one. Navigate to the Reconcile page and specify your Ending Balance and Ending Date and click Start Reconciling to start the reconciliation process. QuickBooks automatically matches the transfers and deposits and marks the transactions as reconciled. Now your QuickBooks Authorize.Net sales will be matched with your checking account. 

Wrap Up

Our application will make your bookkeeping and reconciliation faster and easier than ever. With PayTraQer you can seamless Authorize.Net and QuickBooks integration. You can have your books clean with zero tolerance for errors all the time when you use PayTraQer. PayTraQer makes your reconciliations run in peace. So, don’t wait to automate your accounting. Install PayTraQer and start with the 30-day free trial and explore it. If you have questions, contact us at [email protected] and we are glad to help you.