Zettle by PayPal payouts to FreeAgent
Upload the Zettle by PayPal payout or settlement report and download two things: a bank-style file of the individual lines, and a payout journal that splits each payout into gross sales, fees, refunds, chargebacks and net so the bank line reconciles in FreeAgent.
First 5 pages free. No card, no account until you download.
| Description | Account | Debit | Credit |
|---|---|---|---|
| Gross sales | 200 | 1,000.00 | |
| Zettle by PayPal processing fees | 404 | 29.50 | |
| Refunds | 200 | 50.00 | |
| Net payout to bank | 090 | 920.50 |
Where the report is in Zettle by PayPal
Reports > Payouts or Sales, exported as PDF or Excel.
How Zettle by PayPal fees work
Zettle deducts a per-transaction fee; payouts are net.
Posting it in FreeAgent
FreeAgent imports a 3 column CSV (date, amount, description). The payout split is provided as a separate journal CSV. The journal PayoutParse produces uses Sales, Fees and a bank clearing line per payout; change the account codes in the file to match your chart of accounts before importing.
The check
For each payout, gross less fees less refunds less chargebacks plus adjustments must equal the printed net. If it doesn't, the file is marked needs review and is not charged.
Other software
Zettle by PayPal to Xero, Zettle by PayPal to QuickBooks Online, Zettle by PayPal to Sage Accounting.