Handling bank transfers from savings to checking

[Russell Mercer]

Randy,

Just did a quick search, and found this article.  It is a direct
connect between your bank and GnuCash, password protected.  It does
the same thing you are doing, importing bank account transactions
directly to your account register in GnuCash.  What seems promising is
that part of the setup is matching your GnuCash accounts to the bank
accounts.  This matching might enable it to correctly handle transfers
between accounts.
I'm not exactly sure, but worth a shot if you are willing to do this
type of online connection.

Russell

On Wed, May 5, 2010 at 10:44 AM, Randy Arrasmith <rca at san.rr.com> wrote:
> Russell,
>        Thank you for the response.  I created a new file (in a new folder) to experiment with the suggestion to import multiple qfx files at one time.  The dialog window will not allow selection of multiple files (and again google and the mailing list did not yield insight :( .  I tried holding shift, control, option, and command keys.  I also tried opening them one at a time with the generic import transaction matcher open to see if that would work but it resulted in multiple matcher windows, so no luck there.  I should mention, in case this is supposed to work but doesn't on my platform/version, I am using OS X 10.6.3 and GNUCash 2.2.9 (stable version downloaded a few days ago).
>        How is the multiple file import supposed to work?  This would be exciting to get this to work...
>
> Thank you,
> Randy
>
> On May 4, 2010, at 4:36 PM, Russell Mercer wrote:
>
>> 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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