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How to Integrate PayPal with QuickBooks Online using PayTraQer?

PayTraQer - QuickBooks Online and PayPal Integration


TABLE OF CONTENTS


Introduction


Integrating PayPal and QuickBooks Online is very simple and is just a few clicks away with PayTraQer. SaasAnt PayTraQer - #1 user rated and Intuit trusted automation tool built exclusively for QuickBooks Online to synchronize PayPal data with QuickBooks Online. PayTraQer synchronizes PayPal Customers, Sales, Expenses, Payouts, Fees, Taxes, etc.. with your QuickBooks Online, keeping your books accurate and precise without the hassles of manual data entry.



Steps for Integrating QuickBooks Online and PayPal


Connect your QuickBooks Online company with PayTraQer as mentioned in this article.


Once your QuickBooks Online account is connected, you will be navigated to the Payment Systems menu screen, where you can select the PayPal tile and click the Connect button. Once clicked, a new window opens up redirecting to the PayPal screen for granting permission. 


quickbooks and paypal integration



The connection to your PayPal account is private and secure. PayTraQer requests just for a READ only connection to your PayPal account and can be disconnected anytime through the settings screen.



paypal and quickbooks integration


Click the "Grant Permission" button, this will authorize the connection and redirect you back to the PayTraQer screen.


You will then have to configure some simple settings for this PayPal account so that your sync is accurate. 


Sales Preferences


PayPal Sales account configuration in PayTraQer:


This setting will govern how your sales transactions will be recorded in your QuickBooks Online. Default values provided will automatically be created for you in your QuickBooks Online and is recommended for accurate bookkeeping. 

For more information about each field in the settings, refer to this article.


paypal quickbooks sales preference



Product Settings

PayPal Product configuration in PayTraQer:


This configuration will determine how Products/ Services are synced. If "Create Product/Services automatically" turned ON, then missing items in your QuickBooks Online will be auto-created during sync. 


For more information about each field in the settings, refer to this article.


quickbooks paypal product settings


Tax Settings

PayPal Tax configuration in PayTraQer:


Enabling this setting will record sync with tax calculation. Otherwise, the tax amount will be added to the transaction amount and recorded without tax.


For more information about each field in the settings, refer to this article.


quickbooks paypal tax settings



Fee Settings

PayPal Fees configuration in PayTraQer:


This setting will govern how the PayPal fee details get recorded in your QuickBooks Online. You can configure the default vendor, expense category, and expense bank account for creating the expense transaction corresponding to the PayPal fees component.


For more information about each field in the settings, refer to this article.


quickbooks paypal fees settings



Expense Settings

PayPal Exprenses configuration in PayTraQer:


Set the default vendor, expense category, and expense bank account for creating the expense transaction corresponding to the PayPal expense transactions. 


For more information about each field in the settings, refer to this article.


quickbooks paypal expense settings



This is just a quick start setting and the complete set of settings is available under the Sync Settings menu. More on this is available in this article.


quickbooks paypal integration



Recording Historical Transactions from PayPal


Once the above configurations are completed, you are all set up and PayTraQer will automatically pull your last 30 days transactions from your PayPal account.


quickbooks paypal sync



Related articles - PayPal QuickBooks Online Integration



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