One of the requisites to do your accounting, taxes and monthly VAT reports, is being able to have access to your banking movements.

This is because we need to match each expense and income with an invoice, salary or another accounting object. Estonian authorities are very strict when it comes to the accountancy of companies, so every movement has to be justified.

Security first

This access has to be secure, giving us read-only access to your banking information, without being able to modify or change anything or perform any unauthorized transfer. Fortunately, its system has been designed to do this securely.

So this permission will not give us the right to make any movement or transfer in your name, or the name of your company. We will only be able to access your movements for reconciliation and prepare -but not execute- your tax payments to the Tax Office.

Of course, such authorization can be canceled at any time.

Granting Permission to Access Paypal

The first step is to log into your Paypal account. Once there, click on the menu at the top right on “Profile”, and click on “Profile and Settings”.

, How To Grant Us Permission To Access Your Paypal Bank Statements For The Accountancy Matching

Once there click on the sub-menu on the left “My Settings”, and then right on “Update” next to “Manage Users”:

, How To Grant Us Permission To Access Your Paypal Bank Statements For The Accountancy Matching

Then select “Add User”, and choose a user ID. It is better to choose something descriptive like “AccountantNameOfYourCompany”. For example, if your company is called “ACME OÜ”, you could put it in the ID “AccountantACME”.

, How To Grant Us Permission To Access Your Paypal Bank Statements For The Accountancy Matching

Choose a password, and if asked to, you can enter any name and surname (i.e: “Your Company” and “In Estonia”). Now you must grant us three permissions. In the “Accounting” section, choose “View transactions Charts & Graphs”, from “Administration” choose “View balance”. Finally, from “Virtual Agent”, choose “Schedule and download transaction history, and run settlement report”.

, How To Grant Us Permission To Access Your Paypal Bank Statements For The Accountancy Matching, How To Grant Us Permission To Access Your Paypal Bank Statements For The Accountancy Matching

And that’s it. Easy, right? Just make sure to let us know so we can verify everything is ready.

, How To Grant Us Permission To Access Your Paypal Bank Statements For The Accountancy Matching Help, I’m lost!

If you get lost or a step causes you problems. Do not panic! Do you have a geeky friend who can help you? , How To Grant Us Permission To Access Your Paypal Bank Statements For The Accountancy Matching If not, contact us and we’ll do it together, step by step, on Skype.