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 PayPal
By pressing on the “Connect” button you will be redirected to PayPal to log into your account.
If you do not have enough permissions to connect the payment platform,, you can invite the accountant owner ( admin ) to connect the Payment platform.
We do not have any access to your bank, card, or password information.
Synder requires read-only access in order to process the transactions and import them into your QuickBooks.
After granting your permission, you will be redirected back to the app.
Alternatively, you can go with a one-click setup form, which shows you all the basic settings that are enough to start synchronization. Click “I am OK to start” (1) to go directly to the transactions list and start synchronization.
Click “Go step-by-step” to go through the whole setup.
Step 3: Please select PayPal Bank Account* created by the app as a Bank account and choose the payment method you prefer (most likely PayPal)
Step 4: If you would like actual product names to be brought over into your QuickBooks account leave Generic product Off (if it is On, then you will get all sales with the same generic product you specified).
Here you can select Product/Service type for products newly created by our app and the Income account (Income Category) that will be associated with the newly created products. All existing products will be categorized properly.
Step 5: Enable “Apply Taxes” if you would like the app to sync your taxable transactions including the tax breakdown available*.
*Tax tab can be different for US and non-US users. You can find out more about the tax feature here.
Step 6: Make sure you select the same Bank account that you have chosen for Sales. Select the account to categorize your PayPal fees under the Category field.
Step 7: Select the expense account to categorize your PayPal expenses under the Category field.
You can specify the default vendor for all your expense transactions if needed. Leave the “Apply default vendor” setting Off, if you would like actual vendor names to go through.
Step 8: Payouts
Specify your actual Checking account here in the “Transfer funds to” field. Once you do so, the app will be able to “see” when your PayPal pays money out to your Bank and will account for this (making a transfer from clearing account to your checking). Thus the reconciliation will be highly automated.
Step 9: General settings
“Synchronize Automatically”- all new transactions from your PayPal will be synced by the app automatically.
“Apply payments to unpaid Invoice/Bill” – the app is looking for a matching invoice or bill for your payment. If the app finds a matching invoice/bill – it closes it. If not – it creates a matching invoice/bill automatically according to data from payment and closes it.
“Skip synchronization for duplicated transactions ”- the app prevents recording the same transactions twice.
Step 10: Start to sync!
You are ready for enabling seamless ongoing transactions synchronization by clicking on Start to Sync.
Congratulations! Your account is set and ready to import
* Learn more about our recommended setup in this guide
More information on customizing your Business Payments settings can be found here.
In case you have any questions you are welcome to contact the support team via our in-app online support chat or by email listed in the page footer.