Importing Data

Does Bench work with Paypal?

Yes. As with other payment processors, Paypal withholds a fee from each sales transaction. Your Paypal account can function similarly to a bank account, since it’s able to hold a balance. These fees need to be expensed separately, as the IRS requires you to report your gross sales revenue.

We require two documents from you to properly account for your Paypal activity: your Monthly Report and your Comma Delimited Balance Affecting Payments Report.

How to download and upload your Monthly Report:

1. Log in to your Paypal account.

2. Go to Reports → Financial Summaries → Monthly Financial Summary.

 

Monthly Financial Summary

3. Select the required month from the drop down menu.

Choosing Month

4. Click View Report to download the statement as a .pdf.

5. Upload the downloaded file to Bench (go to Documents Uploads).

How to download and upload your Comma Delimited – Balance Affecting Payments report:

1. Log in to your Paypal account.

Dashboard

2. Go to Reports → Download.

Download Activity

3. Select Custom Date Range and specify the date range in date fields. 

4. Select Comma Delimited Balance – Affecting Payments from the dropdown menu. 

Custom Date Range

5. Click Download History.

6. Upload the downloaded file to Bench (go to Documents Uploads).