Want to Import PayPal Transactions into QuickBooks

By | December 6, 2017

PayPal in simple terms is an international commerce business site.With the help of PayPal, business cash transactions can be carried out free of charge.Nowadays, industries use PayPal either they are small or big in size.
The user can also import information/transaction from PayPal to Quickbooks.But manually entering this will be a cumbersome task, as such business involves thousands of transactions in a single day. The information can be transferred to Quickbook by converting it into Intuit Interchange Format (.iff).To know more about this, you can get help from Quickbooks Support.
To import PayPal transactions, the user needs to SETUP QUICKBOOKS.You can also get proper guidance from Quickbooks Support in performing this task.
Initially, you have to open a new account that will work only for entering PayPal transactions.The account may be a bank account, income account or expense account.
Creating Intuit Interchange Format:
Before trying to import, always remember to backup your Quickbook.As whenever there is debit in your balance it is added to an expense account and is added to income account of PayPal in case of credit.During the process of import, Quickbook locates the existing customer and match it with the name of new one.If the similar name is not found, the username is added to the new list.In case, you have any confusion/doubt, don’t hesitate to call at Quickbooks Support Phone Number.The executives at Quickbooks Support Phone Number carefully examine the problem and offer remedies accordingly.
Following given are some simple steps to download Intuit Interchange Format file.These are:
1.Log into PayPal > My account > History > Download History > Date range > Files types > Choose .iff format > Download history
2. Now, enter the account names same as they appear in company’s accounts.
3. Enter PayPal account name > Expense account name > Income account name > save .iff to desktop > QB file menu > Utilities > Import > iif files.Click AT open menu.
If you have any query regarding this, immediately call at QUICKBOOKS SUPPORT PHONE NUMBER.Here you will get 24*7 assured help.As the representatives at Quickbooks Support offer best solutions within no time.

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