🎁 EXCLUSIVE DEAL - Get 90% Off Xero for 6 months by signing up here: bit.ly/ytxero90 ✅ Get your FREE Xero Setup Checklist here: bit.ly/3ZgSaqt 👉 Master Xero without getting stuck with The Ultimate Xero Course for Australia: bit.ly/3CFkMkl ►► Do you wish you could get step-by-step instructions for setting up and using Xero quickly and easily? ►► Do you want clear explanations in plain English with all the information in one place? ►► Do you want to feel confident that you’re doing it right? 🚀 Then check out the step-by-step program for business owners to master Xero without getting stuck: bit.ly/3CFkMkl
omg thank you. With PayPal update deleting stuff from years ago I downloaded all my information and every time I opened on excel it went wonky I was panicking. Thank you so much.
Thanks for the great video, I will definitely subscribe to your channel! I have a newbie question about "positive fees." Some of my transactions are refunds that I made to my customers, and Paypal refunded the fee to me. This resulted in a fee amount that is positive instead of negative. Will this cause any issues with Xero, when I follow the process you outlined in your video?
Thanks for sharing. I had Quickbooks years ago and left because it couldn’t manage PayPal and it’s multiple currencies. Hours spent on the phone to customer service. Terrible software for businesses that work in multiple currencies, fine for UK only. I’m hesitant to give Xero a try to be honest and I’m a bit disappointed there’s this much of a process to add PayPal.
The process to hook up PayPal and Xero is pretty easy. It will then bring in all your transactions automatically. You can then reconcile them easily in Xero too. For multi-currecy, you'll need to set up one Xero feed per currency. Check out my Xero + PayPal playlist for all the how-to videos ua-cam.com/play/PL_O2H5nPsuW5e9eBQgFxSrcKl024STZkW.html
🎁 EXCLUSIVE DEAL - Get 90% Off Xero for 6 months by signing up here: bit.ly/ytxero90
✅ Get your FREE Xero Setup Checklist here: bit.ly/3ZgSaqt
👉 Master Xero without getting stuck with The Ultimate Xero Course for Australia: bit.ly/3CFkMkl
►► Do you wish you could get step-by-step instructions for setting up and using Xero quickly and easily?
►► Do you want clear explanations in plain English with all the information in one place?
►► Do you want to feel confident that you’re doing it right?
🚀 Then check out the step-by-step program for business owners to master Xero without getting stuck: bit.ly/3CFkMkl
Excellent explanation. I’m enjoying your range of tutorials very much. Thanks
Very welcome
When the transactions come into Xero via an automatic feed, are they also on two separate lines ie. gross amount and fee amount? Thanks.
omg thank you. With PayPal update deleting stuff from years ago I downloaded all my information and every time I opened on excel it went wonky I was panicking. Thank you so much.
Glad I could help!
Do you have a tutorial for doing the same but with Stripe?
No sorry
Thanks for the great video, I will definitely subscribe to your channel! I have a newbie question about "positive fees." Some of my transactions are refunds that I made to my customers, and Paypal refunded the fee to me. This resulted in a fee amount that is positive instead of negative. Will this cause any issues with Xero, when I follow the process you outlined in your video?
No it won't cause issues. You just need to reconcile the refunded sales to your sales account and the refunded fees to your fees expense account.
Hi. Can I also use a spreadsheet file to do the sorting of data?
Yes you can sort the data in Google Sheets like I did in the video or your can do it in Microsoft Excel.
@@mark-and-trina Thank you so much for the reply.
Thank you
Thanks for sharing. I had Quickbooks years ago and left because it couldn’t manage PayPal and it’s multiple currencies. Hours spent on the phone to customer service. Terrible software for businesses that work in multiple currencies, fine for UK only.
I’m hesitant to give Xero a try to be honest and I’m a bit disappointed there’s this much of a process to add PayPal.
The process to hook up PayPal and Xero is pretty easy. It will then bring in all your transactions automatically. You can then reconcile them easily in Xero too. For multi-currecy, you'll need to set up one Xero feed per currency. Check out my Xero + PayPal playlist for all the how-to videos ua-cam.com/play/PL_O2H5nPsuW5e9eBQgFxSrcKl024STZkW.html
Thnx for helping ☺️
Any time