Bookkeeping

What is the best way to integrate or connect paypal wiith QBO for shopify?

I recently took a new client who is a Shopify seller, he is using multiple gateways including Shopify payments and Paypal.
currently, his Paypal is connected with qbo and creating a mess due to duplicated transactions, I would like to know the best option to deal with Paypal in qbo.

in progress 2 Answer

Answer

  1. 29 Answers

    You’ll need to link both Paypal & Shopify so both sets of transactions get synced.

    FOR PAYPAL:

    Connect to PayPal is the new PayPal data integration app for QuickBooks. Built on Intuit’s staged transactions platform, Connect to PayPal brings in detailed PayPal transaction details into the QuickBooks banking experience. The Connect to PayPal app is free for all QuickBooks customers, and can be found via the apps tab of QuickBooks Online or at apps.com.

    Here’s how to get started.
    1) Click here to go to the Connect to PayPal app on Apps.com:
    https://quickbooks.intuit.com/app/apps/appdetails/paypalconnect/?cid=par_paypal_hp_ConPPLaunch_connectPayPaltutorial_co-us
    2) Click Get App Now:
    https://c41.qbo.intuit.com/c41/v1947.194/0/login?redirect=true&pagereq=paypalconnect&realmId=&channel=appscom&cid=par_paypal_hp_ConPPLaunch_connectPayPaltutorial_co-us
    3) You’ll go through the authorization process and be ready to go in a few clicks.

    You can conveniently transfer up to 18 months of PayPal transactions into QuickBooks. Connect to PayPal will also import your discounts, taxes, customer data, transfers, and PayPal expenses. And, with Connect to PayPal, you’ll see detailed sales information, including your PayPal fees, in your sales transactions.

    Another link that may be useful to you for this setup, and potentially why you may be seeing duplicative entries:
    https://quickbooks.intuit.com/learn-support/en-us/sync-applications/use-the-connect-to-paypal-app/00/185439


    FOR SHOPIFY:

    You are going to want to follow the steps on the link below & choose the specific Spotify Integration App based on your client.

    https://quickbooks.intuit.com/online/integrations/shopify/

  2. 73 Answers

    Hi there, when you have a client with a large number of transactions running through Paypal I would not advise you to use the QBO to PayPal sync. As you stated it’s quite easy to end up with many duplicate transactions. Instead, what I recommend is using the PayPal monthly financial report and making a journal entry to record the sales and expenses. The Monthly report in PayPal. PayPal also has a sales report which can be used as well for the journal entry to record sales. I advise the same for Shopify. As the deposits come in from the payment processor you can record those to a clearing account on the balance sheet and use the Shopify sales report to record a journal entry for the sales. I hope this helps, have a great day.

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