[GNC] How to import PayPal transactions in to GC

[David H]

Welcome to Gnucash and double entry accounting.  Basically every txn has at
least 2 splits, plus and minus that must sum to zero, i.e. +$2.34 and
-$2.34 = $0.00.  Paypal via your import has provided only 1 split for each
txn and you have to tell the importer what the other side of the entry is -
possibly Income : Sales : Paypal or some such?  I don't use the importers
but I understand if you make this association within the importer it learns
as you go and will automagically match the other side of the txn account in
future.

Since you're new to Gnucash and don't seem to understand what double entry
accounting is you should read the tutorial on entering basic txns to get a
better understanding of what's going on.

Cheers David H.


On Tue, 11 Apr 2023 at 07:02, Greg McCarthy <greg at gjmccarthy.co.uk> wrote:

> I'm new to GC and have been playing around with it for a few hours and
> ready to start importing.
>
> I have created an account called Assets:Current Assets:PayPal which has
> a opening balance of 100.00
>
> Logged into PayPal and exported my transactions to a CSV file
>
> Then on GC import transactions from CSV
>
> Select Account = Assets:Current Assets:PayPal
>
> Date = Date
>
> Deposit = Net
>
> Description = Subject
>
>
> On match transactions I then get a lot of errors about new, unbalanced
> need acct to transfer.
>
> Example:
>
> Date 6/4/2023
>
> Amount 2.34
>
> Description: Sale 001
>
> Comments: New, UNBALANCED (need acct to transfer -2.34)
>
>
> What is this error all about? I have to right click on and select a
> transfer account for all of the transactions. Does this have to be done
> every time for each transaction?
>
> On the import I chose Account = Assets:Current Assets:PayPal, so am a
> bit confused what transfer account it's referring to.
>
>
> New to GC, so don't fully understand all the concepts.
>
> Running GC 4.11 on Ubuntu 22.10.
>
>
>
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