GNUCash for member accounting?

[norman_cheung at sil.org]

I have a simple member accounting task and  wonder if GNUCash can help me.

I am looking for system to handle the income and expenses (about 5 - 10 
transactions a month) of 1000 members.
All the transactions of these 1000 members are send to me in an XML file. 
This file can easily be converted to CSV or OFX. 

My question:
1. Can I use GNUCash to import these transaction and post them according 
to the member's account and offset it to a bank account.  If this is 
feasible, how easy or difficult it is to set this up?  Can I create 1000 
accounts by importing a text file?

2. At the end of the month, I would like to bring the balances of each 
member account to zero(using a script?).  Also I would like to generate a 
text file (preferably XML) with one entry for each member of the credit or 
the charge amount needed to bring the account to zero.

Any suggestions, help would be greatly appreciated.

Thanks in advance 
Norman 
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