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How To Import Paypal Transactions In Quickbooks Software?

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How To Import PayPal Transactions In QuickBooks Software? PayPal is surely one of the most recognized and reliable sources for money transactions these days. Also, another reason behind its popularity is that it allows the completion of the process free of cost. Being the international-commerce business site, many of the users use this facility to make transactions and wants to incorporate these transactions into their most loved and trusted QuickBooks application. Now, you will be able to share the information of making any transaction in PayPal and get it transferred to the accounting software. QuickBooks Technical Support understands that manually infiltrating all the information is just not viable. There are so many business deals and thousands of transactions in a single day. Now, all the activities in your PayPal can be imported into this accounting software by converting it into an .iif format. This is the Intuit Interchange Format. Follow The Given Steps And Create Intuit Interchange Format: First, you have to prepare the accounting application by creating new accounts such as bank account, Income account and expense account. 1. 2. 3. 4. 5. Log into PayPal > My Account. Now go to the History, followed by Download History > Date range. Now go to the Files types and choose.iif format and Download history. Next, you have to enter the names of the account, as named for the company’s accounts. Now type the PayPal Account name, Expenses Account name, Income Account name in the same order. 6. Save .iif to desktop. 7. Go to the File Menu of QuickBooks > Utilities > Import > IIF Files. 8. Click Open and it’s done. In case of any assistance or hurdles during the process, you can contact QuickBooks technical support number Australia 1-800-817-695. Though a tough task but it is extremely helpful and resourceful to manage your transactions. Original Content Source