The cloud accounting system can now automatically import transactions from the payment service.
Users of Sage One and PayPal can now connect their accounts with the two providers, eliminating the data entry of transactions – simultaneously saving time, improving accuracy and increasing the likelihood that your books will be up to date.
The partnership allows users to automatically import PayPal sales transactions, fees, taxes and discounts into Sage One. Up to 18 months of past transactions can be imported in one go.
No extra charge is levied for this service.
“The partnership between Sage One and PayPal ensures that SMBs have access to our digital wallet – the most widely used and trusted in the world – and ensures better cash flow, which can be a real pain point for SMBs,” said PayPal managing director Libby Roy.
“The partnership also means that Sage customers have the benefit of our 24/7 anti-fraud protection to safeguard Australian small businesses.”
Roy also suggested that the integration can improve cash flow by providing a simple way for their customers to securely pay using a platform they know and trust.
Sage Australia country vice president Alan Osrin added: “Nobody ever started a business because they wanted to do admin. Nobody ever said I'd love to spend all day in my accounting software.”
“Our vision is that entrepreneurs and business builders will spend no time doing manual admin by 2020 and this partnership with PayPal takes us one step closer to that vision of Invisible Admin.”