[GNC] How to import PayPal transactions in to GC

[Keld Sorensen]

It appears that you are receiving money that is originating by Credit Card,
i.e. somebody sends you money using a CC.

This means that the person paying you paid $100 of which you receive 100
minus the transaction fee of 2.34

The $2.34 needs to be assigned to an account that you can call "CreditCard
Transaction fees" or some other name that you like. You set it up is an
expense account.

As others have mentioned, you should read up on the rules of double entry
bookkeeping. If GnuCash cannot identify the proper account, it puts it in
the account call "Unbalanced" - this account should BTW always be ZERO!!!!
Anything in "unbalanced" is a mistake somewhere.





On Mon, Apr 10, 2023 at 2:02 PM 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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