Hi
I’m new to Quick file so just trying to understand how it works, so I have this question. The fact that PayPal merchant account transactions are feed into the Quick file account automatically and the current account statement are uploaded. These transaction are already there, all that’s needed is to tag them to appropriate accounts. Now where there is a bank transfer between PayPal and the current account, why can’t there be an option to link the transactions. At the moment when you perform a bank transfer a new transaction is created in the other bank account and since that transaction is already there it is duplicated. Deleting these transactions are time consuming and the time saved by uploaded the bank transaction instead of entering it is used up. Why can’t we have the option of linking the two transactions when doing a transfer since both transactions already exists in both accounts. More like paying an invoice. Would that be possible or is the feature available.
This is a problem more unqiue to PayPal in that funds withdrawn from PayPal show on the PayPal statement when the transfer is initiated and on the bank statement when they actually get deposited. Often there is a 3 day gap between the two.
If the transactions were on the same date QF would ask you if you want to link them. You can’t link transactions that are not on the same date as the accounts would be out of balance during the interim period.
What I would do is what @Parker1090 suggests and switch off the recording of transfers. Then on the bank side just tag or bulk tag the withdrawals to PayPal. The dates on the bank should always take precedent over the PayPal transfer dates.
