01
Statement split by hand
Before once a month the bookkeeper downloads the PayPal statement, splits each line into sale and charge and types them into QuickBooks Online, spending a day on it.
After each payment is posted as it happens with the charge on its own line, and the month closes without the statement.
02
Invoices stay open after payment
Before the customer paid through PayPal a week ago, but the invoice in QuickBooks Online still shows as unpaid and a reminder goes out.
After the payment closes the invoice the same day, and reminders go only to those who really have not paid.
03
Refunds that nobody posted
Before support refunds a customer in PayPal, accounting is not told, and revenue for the month is overstated until the statement is checked.
After the refund appears in QuickBooks Online tied to the original sale within the day.
04
Bank feed does not reconcile
Before a transfer from PayPal to the bank shows in the bank feed as income, and the same money is counted twice until someone notices.
After the transfer is recorded as a move between the PayPal and bank accounts, and the feed matches it automatically.