PayPal banking

KFN · ‎June 19, 2020

Hope someone can help with the best practice or quick workaround to help fix my current banking feed problem. I use my PayPal business bank account which is linked to my Checking Bank which is what the funding source that PayPal uses whenever I use my Business PayPal account to pay bills, contractors, etc. Also, 60% of my sales transactions are processed through PayPal. The problem is that I make many transfers from PayPal Bank to my Business Checking Bank (which is linked to QB) and QB initially recognized these transactions as if they were one sales transaction, when in it usually is around 20 different sale, with 20 different clients, most of which have a rolling balance. Is there a way I sync my PayPal invoice data, client account data, sales date so that my books automated are accurate?

. to send invoices, sales income, pay bills receive payments

AlcaeusF · ‎June 20, 2020

Thank you for posting here in the Community, @KFN.

Let me help you fix your banking problem to get back on track in QuickBooks Online.

When making transfers from PayPal to your bank, it'll follow the actual amount you've processed. For the data to be accurate, I suggest bringing over your Paypal transactions to QuickBooks by using a third-party app.

There are apps you can use to sync and match the transactions to the data you have in the system. You can visit the App Center by following these steps:

On the left panel, click Apps.
Use the search field to look for an app.
Look for an app.

Additionally, I recommend the following resources, which helps a user learn more about PayPal apps you can integrate with QuickBooks:

Please know that the Community has your back if you need any assistance. It’s a place for you to connect with experts and peers. Wishing you and your business continued success.

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