To access the sales settings, click the settings icon located on the top right corner of the PayTracker Screen.
Configuration for Sales Settings is common across all the payment channels. For illustration purposes, Paypal settings are shown here. However, the same configurations will be available for Stripe & Square.
PayTracker syncs your expense (Money out) transactions made via the payment systems (PayPal, Stripe & Square) and records them as EXPENSE Transaction in QuickBooks.
1. Bank Account
Select the required Bank Account account to apply the expenses.
Recommendation: It is recommeded to use the same Bank account mentioned in Sales Settings.
2. Category Account
Set the required category account to track the expenses paid via payment systems (PayPal, Stripe & Square).
3. Enable Common Vendor
If you don't want to create vendors in QuickBooks as exactly as Payment Systems, you can enable this option to record all your expenses to have a common Vendor.
4. Common Payee/Vendor
Set the default vendor to record the expenses properly in QuickBooks.
Recommendation: Try to use the name as PayPal, Stripe or Square for better reports.
Record your expenses with selected CLASS, if you want to track classes for your transactions.
Payout Settings: Never miss the consolidated payouts/deposits from Payment Systems (Paypal, Stripe & Square).