From now on, enjoy complete automation! No more missing PayPal transactions in your P&L reports.
Connect PayPal and QuickBooks Online to Synder.
Set up Synder to align perfectly with your business needs.
Enjoy streamlined bookkeeping and smooth reconciliation.
Import the data for all types of PayPal transactions right into QuickBooks.
Record the taxes withheld by PayPal in both income and expense accounts.
Match PayPal transactions with QuickBooks records to reflect your real bank account.
Track your PayPal cash flow with detailed insights into your income and expenses.
To find the best solution for your business, book a call with our accounting automation expert. We'll dive into your needs and show how Synder can optimize your bookkeeping processes. Let us walk you through it!
Discover how to boost your online and subscription-based clients' success while saving time and increasing accuracy.
Explore accountants’ pageSynder cut my weekly updating time in half! Before I had to pull the reports from Stripe and PayPal and sort through them and get the different categories that way, but now it's just all automated so it's a lot quicker. For the time Synder saves, it's very affordable. I could hire somebody to do all these things manually but if Synder can do it, then I don't need to!
Synder Sync is an accounting automation solution that bridges business units such as online sales channels, payment platforms, POS systems, etc. and accounting software (QuickBooks Online/Desktop, Sage Intacct, Xero). The tool automatically captures sale and transaction information from connected platforms, complete with all provided details, and records it in the accounting system. It fills any gaps in the final financial reports, eliminating the need for manual data entry.
Synder supports recording both ongoing and historical transactions, with time limits varying based on the connected platform. For instance, for QuickBooks and PayPal integration, Synder can import historical transactions dating back up to 3 years, as limited by PayPal's policy.
For most platforms, Synder provides two sync mode options: per transaction and summary sync. If you choose the first option for your QuickBooks and PayPal integration, Synder will record detailed PayPal transactions. Alternatively, with the summary sync mode, you’ll get summarized daily journal entries per platform in your QuickBooks account. So, if you have a PayPal account connected with a Stripe account, you’ll get two separate journal entries for PayPal and Stripe in QuickBooks.
Yes, Synder does record PayPal transaction fees into your QuickBooks account. Overall, the tool supports all types of transactions, including PayPal payments, processing fees, expenses, PayPal refunds, and deposits, and accurately allocates and records them into your QuickBooks Online account without any manual data entry.
As soon as a payout is recorded, it’s automatically reflected in your QuickBooks. First, Synder creates a "PayPal" account in a QuickBooks account. When PayPal withdraws money to your bank, Synder records a transfer from your PayPal account to your “Checking” account, matching the amount on the bank statement line. At this step, QuickBooks identifies which bank statement lines correspond to specific transactions in the "Checking” account, matching the recorded PayPal data with the bank statement.
The good news is that Synder handles everything in the background, making it almost a single click process for you.
Yes! You can use the categorization rules functionality to set a reliable QuickBooks PayPal workflow. The feature lets you auto-categorize your PayPal transactions and PayPal fees in QuickBooks, assign classes and shipping locations, send out reminders, and complete missing data.
The feature is fully customizable, so you can choose a specific receipt trigger to prompt a preset action in QuickBooks while syncing. When the rule is enabled, all newly recorded transactions from PayPal will be categorized according to the rule you’ve created, significantly enhancing the cash flow management process.
Sure! You don’t have to limit yourself anymore to one currency, as you can accept and account for payments from all over the world with QuickBooks and PayPal integration via Synder!
Once you’ve connected your PayPal account and other business units to Synder, it converts PayPal transactions based on the original currency chosen in your QuickBooks account. The conversion rate is taken either from PayPal itself or from the connected platform through which the transaction was made.
Yes. With Synder, you can track your cash flow across all active sales and payment platforms (including PayPal) in one place, recording the data right into your QuickBooks account.
If you have an ecommerce store with PayPal connected, it’s recommended to connect your online store to Synder as well, so the software can record the accurate data taken from both ends. Synder guarantees security of your data while recording transaction details from all connected platforms to QuickBooks Online.
Yes. Synder offers an all-inclusive 15-day free trial for new users, providing an opportunity to explore and test the software’s features before committing to a subscription. No credit card is required for a free trial.
This trial period is ideal for understanding how well Synder’s PayPal and QuickBooks Online integration fits your business needs.
Yes. No matter how hard or unsolvable your problem with QuickBooks and PayPal connection seems, there’s nothing impossible for our support team. Get round-the-clock help via a live chat, email or over the phone. Our support specialists will timely address any issues you might have with your PayPal and QuickBooks integration.