On the PayPal website, you download the data to an. Here’s what’s happening in a nutshell: A customer pays you through PayPal, increasing your PayPal account balance.
If you need a more robust utility that includes customer and item detail, check out or Both of these companies charge a fee for their software and/or services. However, PayPal offers a utility to import these transactions directly into QuickBooks using Intuit Interchange Format (.iif).Īlthough a bit limited, the utility is useful if you just want to keep track of your revenues and deposits. Typically you must manually enter all customer data into the company file, and then generate invoices and record payments individually. Manually recording PayPal transactions in QuickBooks for Mac can be time-consuming and tricky, especially for businesses that want to keep track of customer data in their company files.
Over eight million businesses use PayPal to process their credit card transactions and the numbers keep growing.
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