PayTraQer - Payout Settings
To access the payout settings, click the settings icon located on the top right corner of the PayTraQer Screen.
Configuration for Payout 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.
Payouts (deposit or balance) from the payment systems ( PayPal, Stripe & Square) are synced accurately with PayTraQer into QuickBooks Online. PayTraQer records these transactions as TRANSFER Transaction in QuickBooks Online.
1. Enable Payout Process
TURN ON this feature to sync the payout information from Payment Systems. If you want to manually create a transfer or deposit, you can turn OFF this feature.
2. Transfer Account
Select the checking/current account where the payout money has been posted by payment systems (PayPal, Stripe & Square). This account will be used for reconciliation.
Related Articles - PayTraQer Settings:
Sales Settings: Configure Sales related fields like a bank account, customer, etc.
Products Settings: Create/sync the products/services automatically without any manual effort in QuickBooks Online.
Tax Settings: Record tax information from Payment transactions (Paypal, Stripe & Square) accurately into QuickBooks Online.
Fees Settings: Record fee information from Payment transactions into QuickBooks Online.
Expense Settings: Payments made to your vendors from Payment Systems can be easily synced with QuickBooks Online.
Automation Settings: Automate and fine-tune the sync processes in PayTraQer.