Import PayPal Transactions into QuickBooks Online

In this fast pacing world, people are ingrained with a quicker and easier form of lifestyle. Similarly, when it comes to bookkeeping and accounting, the world demands one-click integration; manual data entry, and accounting is a big no-no! 

Solving all your bookkeeping problems and delays, we have introduced a cloud-based integration system to ease all your online payments into your bookkeeping solutions in a single click.

On a brief note, Import Paypal Transactions into Quickbooks Online with SaasAnt PayTraQer automation tool. 

Let's dig into every component to understand the QuickBooks PayPal integration better.

What is Paypal? 

PayPal is an online payment gateway system that supports online money transfers worldwide. It serves as an electronic alternative to conventional paper methods like checks and money orders. The company benefits you with one click transaction and password memory by operating as a payment processor for different means. 

What is Quickbooks Online? 

QuickBooks Online is an Online version of QuickBooks accounting software used by millions of small businesses worldwide. A cloud accounting solution performs all the bookkeeping you need, including GST compliance and invoice creation in a few clicks.

Why is QuickBooks PayPal integration necessary? 

Integrating PayPal with QuickBooks online has multiple benefits and has become a necessity in modern times. 

● Time-saver: You no longer have to manually input the data into Quickbooks, record all your Paypal transactions data directly into the bookkeeping solution saving a huge amount of time. 

● Improve your Cash Flow: The Quickbooks and Paypal integration facilitates customers to pay online with Paypal using credit card or debit from any corner of the world.

● Easy and Instant Credit card payments: Say yes to credit card payments via Paypal for instant expenses. Not only does this increase your global customers participating in the conversions, but it also omits the invoicing payment necessity.

● Keep your transactions secure: Paypal keeps all the transactions integrated with Quickbooks safe and protected. It keeps a tab on all the cash flow, identifying and preventing the frauds and sending instant alerts if any. 

● Set up in minutes: Integrate PayPal with QuickBooks online in a few simple steps. Add PayPal in the payment section installed in Quickbooks Online. 

● It's free: Sync PayPal with QuickBooks online with no hidden fees. You are only applicable to pay the PayPal transaction fees.

What is PayTraQer? 

PayTraQer is a Powerful Automation Tool that Syncs your Online Payments from PayPal, Stripe, and Square with QuickBooks.

Without PayTraQer, a user will be manually entering all the PayPal Transactions one by one into QuickBooks to maintain the accounts. Using PayTraQer, he/she can import all the PayPal transactions into QuickBooks within a click. 

Integrating QuickBooks and PayPal with PayTraQer

Cut down on time spent on feeding sales, expenses, tax calculations manually into your Quickbooks. Also, expect an error-free result sheet with the sourcing of detailed information about every single penny spent or received automatically. 

Key Features: 

● Powerful Integration with zero speed bumps: Auto-sync your transaction data in terms of sales, expense, and fees easily by integrating Quickbooks with Paypal smoothly by using the efficient automation tool 'PayTraQer'. 

● Instant and efficient Analytics- Make smart and assured transactions with great output feed analytics and reports.

● Dominant Syncing: Indulge in careful, detailed, and fine-tuned sync settings.

● Multi-currency transactions - PayTraQer enables payments, fees, expenses, and taxes in multiple currencies accurately. 

● Historical data: Easily sync your historic transaction data into your Quickbooks Online in a single click.

Seamless QuickBooks PayPal Sync

Getting started, the user will connect his PayPal and QuickBooks account with PayTraQer. After that, he can import all the historical (Previous 60 days) PayPal transactions into PayTraQer and the same can be imported into QuickBooks in a single click. Let us see the step by step detailed yet simple procedure next.

How to integrate QuickBooks with Paypal using PayTraQer? A Step-by-step guide

Installing PayTraQer: 

Installing PayTraQer is a very easy task, and can be done in just a few clicks. Let's learn how to integrate PayTraQer into Quickbooks Online and Paypal. 

Step 1: Search for PayTraQer in the Intuit app store and welcome yourself to the app page.

Step 2: Click on 'Get the app'. 

Step 2: Connect your Online payment systems. Choose Paypal among Paypal, Stripe, and Square. 

Step 3: Configure your settings and add the necessary details in the minimalistic Settings. The page screens a preview section which connects the PayPal with Quickbooks flow.

Step 5: You can then hop on to the Advanced Settings which features.

● Sales settings 

● Product settings 

● Tax settings 

● Fee settings 

● Expense settings 

● Payout settings 

● Automation settings 

Step 6: fill in the requirements and make desirable inputs and click 'Save'. 

All your payment transactions appear in QuickBooks. Verify the downloaded transaction anytime. Also, click on 'Sync' to Synchronise your transaction into Quickbooks instantly.

Time-saving benefits by Synchronizing PayPal and QuickBooks with PayTraQer 

Bid farewell to long hours of manual inputting and switch to automated Quickbooks and Paypal integration with PayTraQer. Time is Money, therefore utilize your precious work hours to benefit your company and increase the cash flow. The integration comes with multiple benefits. 

Advanced Automation Process: 

Bring itemized payment information from Paypal into Quickbooks Online swiftly using PayTraQer. The automation tool manages to import payment transactions with advanced settings. Sync your PayPal payments seamlessly into your QuickBooks Online with the minimalistic and simple, yet robust integration process. The advanced features automatically take over all the manual efforts, leaving you with precise and accurate results.

Sync Historic PayPal Transactions 

If you are new to PayTraQer and the PayPal QuickBooks integration process, the good news is awaiting. You can now import all your historic payment information (previous 60 days) and sync all the transactions into Quickbooks using PayTraQer in a single click. 

Reconcile your Payments easily 

Reconcile your payments and Run a perfect reflection of your PayPal transactions in your QuickBooks Online by syncing the transactions to your bank account and transfer that amount to your checking account. This shows the legitimate cash flow from your PayPal transaction that are transferred to your checking account.

Undo and Redo Synced Transactions 

PayTraQer allows you to completely erase the unnecessary transaction data and keep the required ones or redo a fresh batch of data sheet, making it a user-friendly automation tool. 

Supports transactions in multiple currencies 

PayTraQer offers a 5-star solution by accepting currencies from all over the world, just by checking multiple currency options in the advanced settings. Say yes to many more international clients and welcome abundance to your business with PayTraQer automation. 

Automatically add Products/Services 

Hello e-commerce retailers, If you have multiple products/services already entered in your Quickbooks online, and if you have payment records with the same items in your Paypal account, PayTraQer automatically picks and registers the items. 

To add or create new items to the list, get the payment receipt with the product/services name recorded, saving you from tiresome manual efforts. 

Detailed Transaction log 

PayTraQer keeps detailed information for every transaction detail with granulated recorded information. Also, if you wish to create a separate PayPal transaction’s sales, fees, expenses, income accounts, you can do so with the advanced settings.

Flexible Settings to manage bank accounts 

The easy to use and detailed settings enable you to manage multiple QuickBooks bank accounts with a breeze. The default options help you to regulate multiple accounts with clean accounting.

Set up in a few clicks

The settings gather detailed information to make the auto-sync feature smooth and accurate. Saying that the quick settings are not at all complicated, and easy to understand. The overall process takes a few clicks and can be edited anytime post-integration.

Premium Support

The PayTraQer automation system is backed by an efficient and smart working team from SaasAnt. Collaborating with Intuit and Paypal ecosystem is continually graduating by enhancing.

SaasAnt offers premium support for their valuable customers by addressing the accounting workflow integrated with Paypal.

To Conclude, 

PayTraQer is the best and efficient tool syncing all your transaction data from Paypal into your GST mapper Quickbooks in just a few clicks. Not only does this make you carefree about the numbers rolling in your bank account, but it also makes you a Smart business person with ample time to concentrate on your ongoing business.

If you want to know more on how to verify PayPal, Read - How to Verify a PayPal Account?