How to connect Paypal to QuickBooks Online

Whether you have just connected your company (see photo #1), or you are adding an additional payment system (see photo #2) you will be redirected to Step 2. To get here click on My Profile in the upper right corner and go to Account. Now you can connect your platforms with the help of PayPal […]

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Reconcile PayPal transactions in QuickBooks Online

Summary:  Synder setup  Sync your payments and Payouts QuickBooks Flow  Our customers have found that the most accurate way to record all PayPal sales, fees, expenses, and refunds is to sync everything into a “clearing” account in QuickBooks Chart of Accounts. The app will create a “PayPal Bank Account” and once your PayPal withdraws money […]

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Customize PayPal settings

Overview: General settings Sales Products/Services Taxes Fees Expenses Payouts Multicurrency When you have PayPal QuickBooks Online integration connected, you can start customizing your settings. You can always find them by clicking the “Gear” button in the upper right corner of the app: 1. General settings Synchronize Automatically – when “ON”, the system will automatically synchronize transactions […]

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Synder product/service settings explained

Overview: Assigning transactions to existing QuickBooks Online products Auto-creating of products Applying a generic product name to all transactions Parsing product information from Charge description (Stripe only) Product mapping Synder helps to categorize transactions in your accounting platform. The app is able to get the name/sku of a product used in the transaction from the payment […]

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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 make from it into your checking account. Select your checking account in Payout settings of Synder to get […]

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How sales tax work in Synder

Overview: Sales taxes sync with US based QuickBooks companies Sales taxes sync with Xero or Non-US based QuickBooks companies Sales taxes sync with US based QuickBooks companies The majority of US QuickBooks users have the so-called automated sales tax feature, which allows QuickBooks to apply taxes automatically based on the address of the sale or […]

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How to sync your chargebacks and refunds with Synder

All businesses face processing refunds or chargebacks at some point. Likewise your sales transactions, with the help of Synder you can sync also your refunds and chargebacks using Stripe, Square, PayPal, etc.  Overview: How to sync your refunds Where you can find the synced refunds on QuickBooks side How to sync chargebacks How to sync […]

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Categorize PayPal expenses in QuickBooks Online with Synder

Overview: How to categorize PayPal Expenses in QuickBooks Onliner Example of the categorization rule for expenses 1. How to categorize PayPal Expenses in QuickBooks Online We have introduced Synder rules to help you categorize your expenses to different account. Using this tool you will be able to categorize your PayPal expenses in QuickBooks Online automatically, […]

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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 bank type account for them in your QuickBooks and enter your PayPal sales and expenses […]

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