May 3, 2022
Paypal is a payment system that could almost be mistaken for a full-fledged banking system, we explain why.
Paypal is a full-fledged banking system that allows you to receive online payments very easily.
So why opt for this solution?
Beware, although it is more intuitive, Paypal flows are still complex to integrate into the accounting and do it yourself via tools such as Pennylane or QuickBooks can sometimes create inaccurate accounting entries.
Sometimes, your accounting apps can confuse 2 suppliers and badly integrate the flows. This can have an erroneous impact on your declared and collected VAT.
Amount, customer, type of payment (bank transfer, credit card), date, transaction, everything is automatically integrated and it only takes 2 clicks to issue the invoice.
Logo, additional information, legal mentions, design of the invoice... are also customizable so that your customers receive an invoice with your company colors.
It is the management of invoices, payments, VAT, commissions, customers, suppliers and their correct correspondence with your bank statements and your Paypal transaction statements.
You can try to do it yourself but we strongly advise against it.
Setting up the solution, managing international payments, VAT and international currencies is a headache if not set up from the start.
Want to know more about our services, our support and our favorite apps? Ask us all your questions!Talk to our experts!
With Blendyyour digital accountant make your goals of tomorrow a reality today.
Certified Partner Pennylane, Dext, Quickbooks and Stripe.
Pioneers of digital accounting in France, we support digital digital SMEs and finance teams, in France and internationally in the.
Chartered Accountant (France) and Chartered Professional Accountant (Canada)
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