Intuit unveiled a new app, Sync with PayPal, that automatically imports PayPal sales transactions, fees, discounts and taxes directly into QuickBooks Online, eliminating manual data entry for QBO small business customers.
Now available for free on the QuickBooks App Store, Sync with PayPal was beta tested with 275,000 transactions created over six weeks.
“Our collaboration with PayPal, and the app we’ve built as a result, further broadens our thriving payments ecosystem,” said Eric Dunn, Intuit's senior vice president for payments and commerce solutions. “Intuit is committed to delivering a range of personalized best-in-class payments solutions for small businesses. Our open platform allows small businesses to use the tools of their choice and therefore operate efficiently in a frictionless environment.”
There are plans to release Sync with PayPal globally and bring the app to the U.K., Australia and Canada later this year.
App features include:
- Automatic and secure importing of PayPal sales transactions, fees, taxes, tips and discounts into QuickBooks Online
- Automatic syncing of customer information from PayPal into QBO
- Secure downloading of other transactions, like expenses and bank transfers, into default categories in QBO
- Accurate automatic imports and the ability to download 18 months of past transactions
“PayPal is listed by 25 percent of QuickBooks users in their chart of accounts, so we knew an integrated solution would be a valuable tool,” stated Stephen Fusco, vice president and general manager of North American distribution at PayPal. “Sync with PayPal and Intuit QuickBooks Online will give small business owners more hours back in their day while helping to improve their transaction data accuracy.”
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