QuickBooks Online Gets in Sync with PayPal
May 19 2015 - 8:30AM
Business Wire
Intuit’s Payments Ecosystem Continues to
Grow with a New, Free App that Integrates Seamlessly with
QuickBooks Online
Intuit (Nasdaq:INTU) today announced Sync with PayPal, a new app
that allows small businesses to simplify complex, time-consuming
tasks with seamless QuickBooks Online data integrations. Developed
as a result of the company’s collaboration with PayPal, the free
app automatically imports PayPal sales transactions, fees,
discounts and taxes directly into QuickBooks Online, eliminating
manual data entry and making it easier for customers to manage
their businesses.
Each payments-related solution designed to integrate with
QuickBooks Online, including Sync with PayPal and Intuit’s own
QuickBooks Payments, provides customers with a harmonious
experience where everything works together, so they can focus on
their businesses rather than balancing the books.
“Our collaboration with PayPal, and the app we’ve built as a
result, further broadens our thriving payments ecosystem,” said
Eric Dunn, Intuit's senior vice president for payments and commerce
solutions. “Intuit is committed to delivering a range of
personalized best-in-class payments solutions for small businesses.
Our open platform allows small businesses to use the tools of their
choice and therefore operate efficiently in a frictionless
environment.”
Sync with PayPal is available now for free on the QuickBooks App
Store in the U.S., after 275,000 transactions were created in
QuickBooks Online during a six-week beta period. There are plans to
deliver Sync with PayPal globally, bringing the app to the UK,
Australia and Canada later this year. Benefits of the new app
include:
- Saves time: Automatically and
securely imports PayPal sales transactions, fees, taxes, tips and
discounts into QuickBooks Online; removes need for manual entry and
saves small business owners’ time.
- Updates data: Ensures valuable
customer information is up-to-date in one convenient place by
automatically syncing customer information from PayPal into
QuickBooks Online.
- Provides security: Securely
downloads other transactions, such as expenses and bank transfers,
into default categories within QuickBooks Online.
- Improves accuracy: Eliminates
manual data entry errors and helps increase accuracy through
automatic imports, including the ability to download 18 months of
past transactions.
“PayPal is listed by 25 percent of QuickBooks users in their
chart of accounts, so we knew an integrated solution would be a
valuable tool,” said Stephen Fusco, vice president and general
manager of North American distribution at PayPal. “Sync with PayPal
and Intuit QuickBooks Online will give small business owners more
hours back in their day while helping to improve their transaction
data accuracy.”
Intuit’s QuickBooks Payments offers many payment options to get
paid fast and save time with easy payment processing, in addition
to simplified pricing. Automatically synced with QuickBooks Online
in real-time, it consists of end-to-end payment solutions for all
payment types in multiple channels, including mobile, e-commerce
and point of sale.
About Intuit Inc.
Intuit Inc. creates business and financial management
solutions that simplify the business of life for small businesses,
consumers and accounting professionals.
Its flagship products and services
include QuickBooks®, Quicken® and TurboTax®, which
make it easier to manage small businesses and payroll
processing, personal finance, and tax preparation and
filing. Mint.com provides a fresh, easy and intelligent way
for people to manage their money, while Demandforce® offers
marketing and communication tools for small businesses. ProSeries®
and Lacerte® are Intuit's leading tax preparation offerings
for professional accountants.
Founded in 1983, Intuit had revenue of $4.5 billion in its
fiscal year 2014. The company has approximately 8,000 employees
with major offices in the United States, Canada,
the United Kingdom, India and other locations. More
information can be found at www.intuit.com.
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Intuit Inc.Sarah Voros,
650-944-4385sarah_voros@intuit.comorAccess CommunicationsJen
Garcia, 415-844-6244jgarcia@accesspr.com
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