QBO App First Look: Business Payments

Just this morning I was reading a LinkedIn post about one of the QuickBooks-related sites in which the writer asked about how to resolve issues associated with the improper posting of PayPal income.

It seems he was posting invoices, applying payments and reducing the income by the amount of the PayPal fee. While the net deposits in the bank were right, the total income was off by the amount of the fees.

 Another recent addition to the Intuit App Center can synchronize your PayPal account with QuickBooks Online and prevent the need to manually enter all the PayPal transactions. It can also insure your PayPal 1099 matches your end-of-year PayPal income and your PayPal fees are properly accounted for.

Business Payments by CloudBusiness, LLC will auto-synchronize your PayPal transactions with QuickBooks Online. You’ll save time and rest comfortably at night knowing all your payments are properly recorded in QuickBooks.

As with all QBO integrated apps, Business Payments uses the OAuth account authentication. which allows this app to exchange information with your QuickBooks Online data file.

You can sign up (or sign-in) with Business Payments from either the Intuit QuickBooks App Center or from Business Payments. We’ll give you those links at the end of this article.

Once you are set up with QuickBooks, you’ll connect Business Payments to your PayPal account and configure how you want your PayPal transactions reported in QBO.[…]

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