Set up PayPal Account to QuickBooks Online

Setting up of PayPal account with QuickBooks Online makes things a little bit easier because once PayPal is set up with QuickBooks, you will be able to link your PayPal account balance in QuickBooks as a bank. The sales data will be automatically synced including the details of sold items, shipping, taxes, etc.
You can also review your PayPal transactions before you add them to your books of accounts and you can also easily reconcile your PayPal account after setting up it in QuickBooks Online. You can review and reconcile your PayPal account in one place and the data flows to your books of accounts automatically.

how to connect a PayPal account to QuickBooks Online

Guide you to connect your PayPal account to QuickBooks Online.

• First of all, you need to go to the PayPal website through the browser and log in to your PayPal account by entering your credentials for the business account
• In the next step, click on the My Account tab > and then History > click on the download history option.
• The “Download history” option will let you access the download options page and there you need to enter the date range for which you want to download the transactions and import it to QuickBooks. Select the file type as (.iff) and click on download history.
• Before importing the PayPal data to QuickBooks, you need to ensure that you have a PayPal account in your QuickBooks chart of accounts.
• Now in the next step, for importing the data into QuickBooks, you need to click on file > Utilities > import > and click on (.IFF) files.
• Now browse and select the (.IFF) download history file from your computer that you saved before.
• Your PayPal data will be imported into QuickBooks and will be automatically placed in the appropriate categories (income and expense) as part of the process.

The Connect to PayPal is the newest PayPal data integration app built for QuickBooks. This application brings the complete PayPal transaction details into the QuickBooks accounting experience. The Connect to PayPal app is also completely free for QuickBooks users and is found in the QuickBooks Online apps tab.

Connect QuickBooks Online to PayPal App

With this app, users can suitably transfer PayPal transactions of up to 18 months into the QuickBooks application. It allows importing discounts, transfers, customer data, taxes, and PayPal operating costs. What is more? The app also presents detailed information about sales including PayPal fees, in the sales transactions.

Now, enjoy the best of both solutions with automation and organize PayPal transactions with the latest Connect to PayPal app. The PayPal transactions appear on the Banking window in the “For Review” option which allows users to handle it just like the bank connection.

Steps to Connect QuickBooks Online to the PayPal App

If you are new to this app and want to connect your QuickBooks Online to PayPal App enjoy all the above-mentioned benefits and promote your business growth. You can perform the steps given below for the same:

• Login to the QuickBooks Online account.
• Click on Apps located on the left menu.
• Enter “Connect to PayPal” in the space provided in the Search Apps and click on the app.
• Click on the “Get App Now” tab.
• Next, select “Let’s do it” tab.
• Click on the “Give permission” tab to authorize data extraction from the PayPal account.
• Now, give the email address that is associated with your PayPal account, and then click on Next.
• In case, you don’t have an account then you will be asked to create one.

Note: When creating an account with PayPal, it is possible that you will be shifted from the connection flow to a different location and will have to navigate to QuickBooks Online again to restart the connection process.

• After this, enter the PayPal credentials and click on Sign-in.
• Now, click on the Agree & Connect tab to approve the sync.
• Once the connection has been established, select the Return option.
• Next, click on the account where the PayPal transactions will be displayed (generally this is divided from the bank account and is automatically created upon set up), and click on Next.
• Click on the Sales tax rate which will be applied to every imported Sales transaction. Next, click on select Next.
• If there are historical transactions already, choose the date on which you wish to start the importing process and click on Done. You can import historical transactions of up to 18 months.
• Now the setup is completed and the PayPal connection will be displayed on the Banking Screen.