The new partnership between Sage and PayPal will allow Sage One users to have their PayPal sales transactions, fees, taxes, and discounts automatically and securely imported, reducing time spent on manual data entry and improving reporting accuracy.
The integration will allow customer information to be synchronised from PayPal directly into Sage One, with up to 18 months of past transactions able to be imported.
“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,” said Alan Osrin, country vice president, Sage Australia.
“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.”
The integration of PayPal into the Sage One software will also improve cash flow for small businesses by providing a simple way for their customers to securely pay.
“Small businesses play a significant role in the Australian economy, accounting for approximately 44 per cent of all employment,” said Libby Roy, PayPal Australia managing director.
“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.”
The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day