This tool automatically imports transactions and can create entities automatically from your Paypal merchant account. This feature supports Paypal business accounts only. Click here to register for a PayPal account.

Step 1.


You will need to update your Paypal account details.


1.1 Login to your Paypal business account and navigate to the Account Settings page by clicking on the cog icon to the top right.



1.2 Click on the Account Access tab.



1.3 Next to API Access click on update.



1.4 Click on the Grant API permissions link under the Pre-built payment solution.



1.5 Add tim_api1.clearbooks.co.uk as the third party permission user name.


user name


1.6 Set these third party permissions -


Obtain your PayPal account balance. Obtain information about a single transaction. Search your transactions for items that match specific criteria and display the results.


permissions

Step 2.


2.1 Log in to Clear Books and navigate to Money > Bank accounts. Click on the Add Account button.



2.2 Click the Add link next to Internet payments to create a Paypal account in Clear Books.



2.3 Configure the bank account as shown below. Select payment provider as Paypal, bank group to New Bank and set the default currency to your Paypal account's currency. Select whether to attempt automatic imports and also enable an option to include a Paypal payment button on statements.


IMPORTANT the email account must be set to the email address of the Paypal account you intend to import from. Once this has been done hit the Save button. You will then be sent a verification request email which you must verify before you begin importing.


2.4 If you deal in multiple currencies within Paypal and would like to show the balance of each currency in Clear Books, you will need to create a Paypal account for each currency. Repeat steps 2.1 - 2.3 for each currency as necessary.


If you would like Clear Books to convert all multi currency transactions into the currency of the Paypal account, click on the Settings link and tick the Currency Conversion Handling check box.


Step 3.


3.1 Navigate to Money > Bank accounts and click the Import link for your Paypal account.



3.2 If this is the initial import then a start date for the import must be set. Choose whether to create suppliers/customers automatically for each transaction. When ready, click the Import button.


All statements should be imported on the next hour and will appear on the Money > Bank accounts menu under the table Imported statements that need explaining.


Any Paypal transaction fees will link to the appropriate transaction and be automatically explained with the account code bank charges.


Notes


A limitation of the Paypal API means that this tool does not match the original description for a currency conversion which has occurred in your Paypal account. e.g. if you have a GBP Paypal account and make a payment in USD, then the description of the Paypal transaction will be "Conversion from USD to GBP" rather than the original description 'Purchase of xyz'.


For additional help, click here to view all our training options.


Technical support is available on Monday to Friday from 9 - 5. You can call us on 0203 475 4744 or email us at support@clearbooks.co.uk.


Alternatively, visit our Community to view our latest news & updates, raise new ideas, find answers to common problems, ask new queries and speak to other Clear Books users and employees.

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