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Import PayPal transactions into QuickBooks Desktop • Do you use for your business and need to load your PayPal transactions into? • Do you need to match PayPal incoming payments up to customer invoices? • Would you like be able to track customer payments in an income account and PayPal transaction fees in an expense account? • Would you like to leverage QuickBooks bank feeds to automatically assign transactions to accounts? Improved PayPal import with MoneyThumb You can import an unlimited history of PayPal transactions into QuickBooks quickly and easily using either of our converters for QuickBooks,. And unlike the IIF files provided by PayPal, you can import customer payments into QuickBooks in a way that makes accounting sense. You can utilize bank feed rules assign transactions to accounts.

Is there a way to accept PayPal payments from Quickbooks Desktop Pro when the invoice is sent via email? I have Quickbooks Desktop Pro 2018 and Intuit Merchant Services. When I send an invoice to a client I know. Data can be imported to QuickBooks Online Simple Start, Essentials, or Plus from the following QuickBooks desktop versions: Pro 2008 or later, Premier 2008 or later, Mac 2013 or later. Earlier versions: Basic 99-2005, Simple Start Edition, Pro & Premier 99-2007 can be imported using a downloadable tool.

You import a gross amount that you can match against customer invoices, and a transaction fee that is accounted for in an expense account. And accomplish this by generating two QuickBooks transactions for PayPal payments, one for the gross payment, and one for the transaction fee. This allows you to match payments with customer invoices, and keep transaction fees as an expense. Step I -Download your PayPal transactions to a.csv file on your computer • Login into your PayPal account. Note that this procedure is written for the ‘new PayPal experience’ user interface on the PayPal web site, not the ‘classic’.

• Select Reports from the top menu bar • Select Activity Download from the left menu, as seen below: • Choose the Transaction type download type as either Balance affecting or Completed payments. Balance Affecting Payments will include refunds and disputed payments in addition to Completed Payments. • Select Create Report on the right side. When the report is reading, save the file on your computer, for example as paypal download.csv. In our example the downloaded.csv file looks like this when viewed in Excel (there are many more columns to the right, which are not visible here) Step II – Create a QBO file • Run either MoneyThumb’s csv2qbo Convert or 2qbo Pro Convert • Select the Settings button to bring up the setting dialog • Set the account options on the left as follows: • Select an account type of Bank • Set the QuickBooks FID to a bank that you can remember. Use Lookup to bring up a list of all available bank names. Because QuickBooks does not support PayPal, you will not find PayPal in the list of supported banks.