PayPal lets you receive or pay money and all you need is an email address and a bank account. Many of their simple features are free. PayPal is much like a bank. If you have a PayPal account for your business it would tend to be run as a Bank Account of type Asset e.g. Asset:PayPal

Paypal merchant accounts enable additional features like simple but secure checkout links with your logo on invoices, web pages or blogs so your customers can pay with credit card or Paypal funds or even direct debit.

Adding Paypal payment instructions to your Invoices

To Add a Paypal link to your Saasu NetAccounts Invoices:

1. Know your Paypal payment email address
2. Sign in to Saasu
3. Click on Settings in the top menu.
4. Click on Sales
5. Click on Invoice Template Settings
6. Use one of the following in the payment details area. Replace test@sample.com with the email address you have nominated when you setup your Paypal account.

Pay this invoice online with Paypal.com specifying recipient email test@sample.com
Follow this link: https://www.paypal.com/au/cgi-bin/webscr?cmd=_send-money&nav=1.1

OR

New to paypal? Go to Paypal.com and sign up for a free account, click the send money tab and enter our email address test@sample.com.

Importing data from Paypal into Saasu is now supported

Saasu provides you the capability to import your merchant or personal Paypal statements. Before importing the statement, you need to setup a Bank Account of type Asset to represent the PayPal account in Saasu. Why do you set it up as an Asset: Bank Account? A Paypal account is very similar to a day to day Bank Account, and regardless whether you are only receiving money into it or just using it for payments the running balance will never be a negative.

Importing a Paypal statement:

1. Sign in to your Paypal account.
2. Bring your mouse pointer over History in the Navigation Bar.
3. Click on Download History.
4. Enter the date range you need to import your statement for.
5. Click on Comma Delimited All Activity from the Files types for download pick list.
6. Click on Download History.
7. Save the statement onto a preferred location in your computer.
8. Import this file as you would a normal bank statements. Make sure you select Paypal from the bank drop down list in the Bank Import screen (click Import in the main menu).