To reconcile the PayPal payouts, first make sure you have connected your PayPal account to QuickBooks Online. You can add PayPal as an app in your QuickBooks account here.

When you send a PayPal payout from taxomate to QuickBooks, the expected deposit amount is allocated to the Shopify Clearing Account we during Quick Setup for external gateways. These amounts will match the payments received for each order in your PayPal account.

In order to reconcile the payouts you will want to allocate any allocate any payments received in PayPal for Shopify to the Shopify Clearing Account

We recommend setting a bank rule in QuickBooks that would allocate any payments received in PayPal to the Shopify Clearing Account. You would then approve any Shopify order. See the rule we created below as an example:


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