Overview:
Webgility Desktop application offers seamless integration with popular payment processors like PayPal and Stripe. It not only facilitates secure online transactions but also allows you to automatically record the associated payment processing fees, providing better visibility into your transaction costs and helping maintain accurate financial records.
Steps to configure:
In Webgility Desktop, navigate to Connection in the menu options then go to Accounting/POS/ERP and click on Sync Settings.
Then go to Expenses & Fees section, now integrate PayPal or Stripe by clicking on the gear icon in the top right. This will open a new window for updating the Payment processor credentials. So update the details and perform Test Connection. Once done then click on Save.
Once done the under Payment Fees tab and enable both “I want to record payment fees” and “I want to refund recorded payment fees”
You can now configure the settings to record fees as Bill Paid, Bill Unpaid, Check, or as a Line Item for the transactions.
If you select Bill Paid, Bill Unpaid, Check then the payment processor fees will be visible under Payment Processor Fee tab of order details.
If you select Line Item then the fees will be visible in the respective payment fees field of the order details.
If you select Check, you will need to provide your Bank account and Default payee, along with some optional details.
You can also configure Granular posting settings based on payment methods.
If you select Bill, you will need to provide a Default vendor and Expense, along with some optional details.
Once configured, the payment fees will post accordingly into QuickBooks.
If the problem persists, contact Webgility Support for further assistance.