Payoneer’s recent integration with QuickBooks Online for customers based only in the UK and the EEA enables you to streamline your accounting by managing all of your business transactions from a single platform. So, what does the integration mean for your day-to-day operations?

Here, we’ll go over the benefits of using QuickBooks Online and how integrating your Payoneer account with the accounting platform can simplify your daily tasks, allowing you to focus on other aspects of running your business.

What Is QuickBooks Online?

QuickBooks Online is one of the leading online accounting software providers. Their platform can sync up with your bank account, allowing you to import all your transactions and execute different account related tasks, including:

• Invoicing – Personalize a professional invoice template, issue recurring invoices, add billable hours and get real-time alerts when invoices are paid.
• Inventory tracking – Track inventory in real time, receive notifications when it’s time to restock and access reports to see your best-selling products, total sales and total taxes.
• Bill payments – Organize your bills in a single location, defer bills or make partial payments.
• Purchase order creation – Create and notify vendors when you’re ready to restock inventory.
• Payroll management – Approve payroll at your convenience, access integrated employee services and manage your payroll from a single location.

Until recently, to take full advantage of these services with your Payoneer account, you’d have to manually import your transactions into the QuickBooks Online platform. That’s all changed.

Simplified Account Reconciliation Management

By integrating with QuickBooks Online, we’ve enabled you to instantly view your Payoneer transaction information, including all payments, invoices and earnings directly on your QuickBooks Online platform.

Do you receive payments from marketplaces and payment service providers? Reconcile your payments from Amazon, Walmart, eBay, Upwork, Fiverr, Airbnb, PayPal and Stripe, among many others, from a single, convenient location without manually importing every transaction or shifting between Payoneer and your QuickBooks Online account.

Do you need to pay your service providers, contractors, suppliers, vendors or business partners? QuickBooks Online allows you to reconcile all your transactions and invoices.

Additionally, you’re able to:

• Sync your Payoneer account with a few clicks of your mouse to add your Payoneer payments to your bank feed.
• Use single or multi-currency accounts to keep track of your international earnings.
• Use Payoneer to get local receiving accounts, make business payments, enjoy competitive conversion rates on your transactions and payments, and pay your VAT.

The Payoneer integration is available now! To get started:

1. Head to your QuickBooks Online account and navigate to the Banking
2. Click Add account (or Connect Account if this is your first connection).
3. Search for Payoneer and select it. You’ll be prompted for your Payoneer credentials.
4. Select which receiving accounts to connect and the date that you want to pull transactions from.
5. Once everything is selected, hit the Connect button and let the accounting begin.

If you require any assistance integrating with your Payoneer account, please watch a quick tutorial from QuickBooks Online.

We’re here to help! Please consult our FAQ or contact us with any questions.