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Import PayPal transactions into QuickBooks

There are two ways of importing PayPal transactions into QuickBooks. Firstly it can be done manually and the other way is using the .iif file for bulk importing. Now let look in detail at how we can import PayPal transactions into QuickBooks.

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Import PayPal transactions into QuickBooks

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  1. Import PayPal transactions into QuickBooks

  2. PayPal is an international e-commerce business allowing payments and money transfers to be made through the Internet for a fee. Millions of companies use PayPal and if you are one of them or are considering becoming a user you may be wondering how to get the information from PayPal into QuickBooks.

  3. Depending on the volume of PayPal transactions you have, manually recording PayPal transactions in QuickBooks may not be an option. One way to record a PayPal transaction manually would be to generate an invoice and record the payment individually for each sale. Luckily, PayPal activity can be exported to an Intuit Interchange Format (.iif) file and easily imported into QuickBooks.

  4. Import Using the .iif File

  5. Download Your .iif from PayPal • Log in to PayPal account. • My Account tab > History • Choose Download History. • Select a date range. • Under File Types for Download, opt for a QuickBooks file (.iif). • Click Download History. • When prompted to enter account names, enter them exactly as they appear in your Company's chart of accounts • Save the .iif to the desktop. • From the QuickBooks File menu, select Utilities > Import > IIF Files. • Select the iif file located on the Desktop. • Click Open

  6. Import Using Dancing Numbers

  7. Firstly download Dancing Numbers Software from the official website. • Then simply choose to Import. • Select from the list of apps you want to import. (PAYPAL in this case) • Select all the transactions you wanna import. • Then click Import Now and You are done.

  8. If any issues and problems arise then follow you can visit DancingNumbers.com where you can find the related links, topics, and video tutorials that would help you with all the topics related to importing data. It also provides you with the required information and added knowledge about the software. Source: Dancing Numbers

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