Switch from PayPal Bank Feeds to PayPal app

Set up Sales Tax

Even if you don’t charge sales tax to your customers, you need to turn on Sales Tax Center or GST Center to capture and record sales tax correctly.

Import your PayPal products and services into QuickBooks

For correct inventory levels and accounting, the app will identify the right products or services for sales based on the item name. To make this work, set up your QuickBooks items the way you have them in PayPal.

You need to authorize QuickBooks to migrate data over to Connect to PayPal.

1. Log into your QuickBooks Online account.
2. Select Banking.
3. Select Add Account in the upper right.
4. Select the PayPal tile.
5. Select the Let's do it button.
6. On the migration screen, select the existing PayPal account you want to migrate.
7. To authorize Intuit to pull data from your PayPal account, select Give permission.
8. Enter the email address associated with your PayPal account, then Next.
   Reminders:
   • If you don't have an account, you'll be prompted to create one.
   • If you create a new account, you need to go back to QuickBooks Online and restart the connection process.
9. Sign in to your PayPal account.
10. To authorize the sync, select Agree and Connect.
11. Once the connection is established, select Return to Intuit.
12. Select PayPal Bank where you will find your PayPal transactions, then Next.
    Note: Generally this is separate from your bank account. It will be automatically made for you upon set up.
13. Select the Sales tax rate that will be applied to all imported Sales transactions, then Next.
14. If you have historical transactions, select the starting date of the transactions that you want to import, then select Done.
    Note: You can import up to 18 months of historical transactions.

You're now set up! You will see the PayPal connection listed on your QuickBooks Banking screen.

When making the switch from Bank Feeds to the Connect to PayPal app, you need to know the date of your most recent transactions that are imported. Recent transactions can be the same date of the day the switch takes place, or a day prior.

Once you know the date, you can use it as the start date for the new connection.

If there are 1 or 2 transactions missing, it’s easier to enter these manually into your PayPal account register.

1. Log into your QuickBooks Online account.
2. Go to Bookkeeping, and select Chart of accounts (Take me there).
3. Locate your PayPal account.
4. Select View Register.
5. You can add new transactions on the top of the register.

In the Banking page, select the PayPal account and look for duplicate data. Exclude the duplicate transactions to make sure fees are not duplicated.