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PAYPAL TO QUICKBOOKS ONLINE

Sync Initialization

During the first execution of the automation, Sush.io creates a Payment method ‘Paypal’, and if selected during the automation setup, will create a Bank account called ‘PayPal Balance’ where the charges and fees goes.

During the setup, you can decide to hit the charges and fees with the existing income/expense accounts or to use the default accounts created by Sush.io.
Sush.io also creates a Tax Agency Account ‘PayPal Tax Agency Payable’

Sales Receipts

The money received is created as SalesReceipts in QBO and deposited to the ‘Paypal Balance’ bank account.

You can choose wether you want Sush.io create all your customers coming from PayPal or create one customer for all the Sales Receipts.

Sush.io keeps the transaction reference in the Sales Receipt both in the Refence number and in a more explicit Memo

Refund Receipts

The money refunded is created as Refund Receipt in QBO and refunded to the ‘PayPal Balance’ bank account.

The refund is directly done to the customer in QBO if you chose to synchronize all your Stripe customers during the automation setup.

Paypal Fees

For each PayPal Fee, Sush.io creates an Expense receipt in QBO charged on the ‘Paypal Balance’ bank account.

The money goes to PayPal as vendor and the line account is ‘PayPal Fees’.

Sush.io keeps the transaction reference both in the Refence number and in a more explicit Memo.

Paypal Fee Refunds

PayPal fees are refunded by a Deposit to the ‘PayPal Balance’ bank account.

The money comes from PayPal as vendor and the line account is ‘PayPal Fees’.

Sush.io keeps the transaction reference both in the Refence number and in a more explicit Memo.

Transfers to 3rd Parties

Transfers to ThirdParties are created as Expenses and come from the PayPal Bank account.

There’s no payment method applied.
Sush.io keeps the reference to the transfer in the memo.

The account is Uncategorized Expense and the description is simply 'Paypal Transaction’.