Objective: To download your PayPal accounting history into your QuickBooks program for easy financial recording.
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STEP 1: Log in to PayPal
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Go to www.PayPal.com
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Choose the Personal or Business account tab (the type account you have)
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Enter your username & password and choose “Log In”
If you don’t have an account, create one (free) then follow these steps
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STEP 2: Select History Details
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Choose History Download History
You have two choices for downloading your history.
Option 1:
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Select and enter the Date Range you want to download.
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Select the file type you want to download (Quickbooks in this case)
Option 2:
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If you have downloaded your history before, you can choose Last Download to Present which will download everything since the last time you downloaded your history.
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Select the file type you want to download (Quickbooks in this case)
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Click Download History
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STEP 3: Set Account Names
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Enter the account names as you have them set in your QuickBooks software.
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Choose Download Log
STEP 4:
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– When the file is ready to be downloaded (sometimes it takes a while if there is a lot of activity. Go to Download My Activity and Recently Downloaded logs
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Click on the Recently Downloaded Logs and the ones available will come up
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Select the correct Quickbooks file and select Download Log from this screen. A File Download Screen will open – Please select Save. You will then name this file and save to your Desktop. (Please remember to remove the asterick or your file will not download properly
STEP 5: Importing into Quickbooks
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–With your company file open go to File >Import> IIF files
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Then find the File that you saved to your desktop and select open
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Your transactions will now be in your quickbooks Paypal Account.