Streamline Your Accounting: Payoneer Integrates with QuickBooks Online
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…
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:
- Head to your QuickBooks Online account and navigate to the Banking
- Click Add account (or Connect Account if this is your first connection).
- Search for Payoneer and select it. You’ll be prompted for your Payoneer credentials.
- Select which receiving accounts to connect and the date that you want to pull transactions from.
- 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.
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Disclaimer
Nothing herein should be construed as if Payoneer Inc. or its affiliates are soliciting or inviting any person outside the jurisdiction where it operates/is licensed to engage in payment services provided by Payoneer Inc. or its affiliates, unless permitted by applicable laws. Any products/services availability are subject to customer’s eligibility. Not all products/services are available in all jurisdictions in the same manner. Depending on your eligibility, you may be offered with the Corporate Purchasing Mastercard, issued by First Century Bank, N.A., under a license by Mastercard® and provided to you by Payoneer Inc., or the Payoneer Business Premium Debit Mastercard®, issued and provided from Ireland by Payoneer Europe Limited under a license by Mastercard. The Payoneer Business Premium Debit Mastercard® cannot be used at merchants or ATMs in Hong Kong or for HKD payments. If you are located in the EEA, all Payoneer Services will be provided to you by Payoneer Europe Limited, trading as Payoneer and regulated by the Central Bank of Ireland.
The information in this document is intended to be of a general nature and does not constitute legal advice. While we have endeavored to ensure that the information is up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability or suitability of the information. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever incurred in connection with the information provided.
