What Is Withheld Tax?
Marketplace Facilitator Tax is a tax collected and remitted by Amazon, eBay, Etsy, PayPal and Walmart on your behalf, due to agreements with the specific states in the USA or other countries (Canada, etc.)
The trading …
Category: PayPal
How to connect PayPal to Accounting Software
Looking desperately for an easy, quick, and reliable way to communicate your PayPal account with your QuickBooks or Xero company? You can stop the search now! The Synder accounting solution is here for you, providing an opportunity to sync smoothly …
How to reconcile PayPal transactions in QuickBooks Online
What are the steps necessary to reconcile a bank statement? What are you primarily doing when you reconcile your checking account? Find the answers in this helpful article!
Overview:
…Customize PayPal settings
Overview:
When you have PayPal QuickBooks Online integration connected, you can start customizing your settings. To access your PayPal settings select the organization needed at the top right of the page …
Synder product/service settings explained
Overview:
Assigning transactions to existing accounting company’s products
Parsing product information from Charge description (Stripe only)
Synder helps to categorize transactions in your accounting platform. The software …
Why do you need payouts enabled?
In order to simplify the reconciliation process in QuickBooks, we have introduced the Payouts feature available to any payment processor connected.
Enabling Payout synchronization in Synder allows you to automate syncing data for the payments you receive and the withdrawals you …
How sales tax works in Synder
Overview:
How does Synder calculate sales tax?
Sales taxes settings with US-based QuickBooks companies
Sales taxes settings with Xero or Non-US based QuickBooks companies
How does Synder
…Synchronize Multicurrency Transactions in QuickBooks Correctly
Automatically synchronize your foreign currency transactions in QuickBooks with the help of Synder. Depending on your setup, Synder will create transactions in the original foreign currency in QuickBooks or convert them to your home currency according to the exchange …
How to sync your refunds with Synder
All businesses face processing refunds or chargebacks at some point. Likewise, your sales transactions, with the help of Synder you can also sync your refunds and chargebacks using Stripe, Square, PayPal, etc.
Overview:
…Using your PayPal as a Bank Account
It is not a piece of news that PayPal is now much more than just a payment processor, for some people it can replace actual Bank Account.
Usually, in order to account for PayPal transactions, you are to create a …