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Why choose a certified public accountant specialized in Paypal?

May 3, 2022

Paypal is a payment system that could almost be mistaken for a full-fledged banking system, we explain why.

Why choose Paypal as a payment system for your business?

Paypal is a full-fledged banking system that allows you to receive online payments very easily.

So why opt for this solution?

  • For its use and simple implementation: Paypal requires only 2 things: an e-mail and a bank card. No setup or subscription fees, only a commission on each sale is charged. You do not sell anything, you do not pay anything.
  • For distribution: Paypal is the most well-known and widespread online payment system among consumers. Some people even use it as their only payment system to make their online purchases.
  • For invoicing: Issuing invoices has never been easier, there are several tutorials that can help you, but it is quite intuitive.
  • For your accounting: Your accountant can follow the flows and manage the payments made to you, the commissions are visible and can be easily integrated into your accounting.

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.

The invoice at Paypal

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.

What is a Paypal accountant ?

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!

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With
Blendy
your 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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