Handling bank transfers from savings to checking

[Russell Mercer]

Randy,

I think your initial instinct is correct.  For the existing
transaction that you have imported, change one of them to be a
transfer between accounts, then delete the duplicate transaction that
appears in the other account.

For new imports of the qfx files, there is a way to import multiple
qfx files at one time.  You simply attach more files to the import
session.  Then, as the import process goes through, it will look for
transactions that are transfers between accounts, and should link them
as you say, instead of creating duplicate transactions.

I will say that diligence is always necessary on import.  I always go
through and make sure that my account balances match what I think they
should be, after the import has completed.

Hope this helps.
Russell

On Tue, May 4, 2010 at 4:10 PM, Randy Arrasmith <rca at san.rr.com> wrote:
> I am new to accounting software so please excuse me if I am asking a basic question.  I did a search of the mailing list and on google but could not find an answer to this question which seems like others would have come across the same situation: I have downloaded a .qfx file for my saving account and one for my checking account.  I had previously transferred $450 dollars from saving to checking at the bank and this transaction appears in each .qfx.  The problem I am having is GNUCash treats them as two separate transactions (because of the two different files).  So when I tried to "transfer" the savings transaction in GNUCash from Imbalance (which is the default import listing) to checking, it creates a second transaction in checking and checking is now $450 more than it should be.  I think a simple solution would be to delete the "other" transaction from checking first but this doesn't seem clean.  Is there a way to select two transactions and link them for this scenario?!
>   I don't mind doing it once, but it seems without knowing how to deal with this, I would have to manually do it each time I transfer funds at my bank and import the data.  Surely others have downloaded multiple .qfx(s) and have moved money around at the bank.
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