Edwin,
I routinely download my CC transactions using OFX. I think you missed a
very important step.
It sounds like you did tie this OFX file to your CC Liability Account.
That will be remembered for all future imports from this CC.
It also sounds like you may not have set up all the various expense
accounts (Groceries, Fuel, Hardware, etc). Those need to be setup as
accounts under the Expense top-level account.
Then, during the import process, after you pick the file but before
doing the actual import step you will see a list of all the
transactions. During this first import none of them will show the
corresponding expense account. You will need to click on each line and
indicate to which account that expense should be assigned. In some
cases you will have a payment so up. For the first time you will need
to assign this to your Asset/Checking account.
This process of assigning accounts to each transaction will teach the
import process how to automatically assign them in the future. As the
importer learns each transaction (based on the description), it will
begin to automatically assign the proper accounts. Occasionally you may
need to correct the account assignment or it may see a new description
and not know leaving it assigned to the Invalid Account. This is your
clue to click on that line (perhaps double click) and make the
appropriate assignment.
Hopefully this helps you on future imports.
--Steve
Stephen M Butler
stephen.m.butle...@gmail.com
kg...@arrl.net
253-350-0166
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GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8
On 10/18/23 11:09, Edwin Booth wrote:
Hi. New to this. I just downloaded an OFX file for a credit card I have. I
imported it into my “Unsaved Book.” That worked. It is now on the Accounts
Page with an amount under the “Total” column. But there is also a line that
says “Imbalance-USD” with the same same amount under Total. I understand (I
think) that that Imbalance is due to the fact that I have no other account
in there and so there is nothing to balance my CC account with.
So, I obviously need to enter some new accounts. I haven’t paid off all of
that CC account, but I have paid some of it. The unpaid portion would be
under “Liability” I assume, and the paid part under “Expense.”
Not sure what to do next. I’m running GnuCash on a MacBook Pro, which I’m
also pretty new at.
Thanks,
Edwin
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