I get pdf PayPal statements that can be downloaded, just like from my bank.
David T. On Dec 14, 2022, 2:00 PM, at 2:00 PM, "Dr. David Kirkby" <drkir...@kirkbymicrowave.co.uk> wrote: >On Wed, 14 Dec 2022 at 03:45, R Losey <rlo...@gmail.com> wrote: > >> I assume you can reconcile an asset account like any other bank >> account.... you can tell it the date you want to reconcile, but it >lists >> all of the transactions... >> > >My understanding is that the purpose of the reconciliation is to enable >one >to compare that the balances of two sets of accounts are in agreement. >The >most obvious example being that the amount of money that your bank says >you >have agrees with one's own records. In order to do that one needs to >know >what the bank says your balance is on a particular date. In the case of >reconciling the PayPal account, one would need to know what PayPal says >the >balance is. > >If I log into my business bank account, personal bank account or credit >card using the mobile app on the phone, I can see what the financial >institutions say my balance is on any date I want. But what PayPal says >my >balance is on any particular date is not easy to find. One has to >download >a CSV or similar list, and in the case of the CSV file, the balance is >the >34th (from memory) column - well away from other numerical data. > >Only once I know what PayPal thinks the balance is can I compare it to >my >own records in GnuCash, and see if there are any discrepancies. > >One's PayPal balance can change, without one making any transactions. I >sold something to an Indian academic, and got credited with £1000 or >thereabouts. I withdrew the money to my bank account. He then claimed >some >parts were missing, so put in a claim, wanting extra parts. That made >the >balance negative, despite there had been no transaction. > >Dave >_______________________________________________ >gnucash-user mailing list >gnucash-user@gnucash.org >To update your subscription preferences or to unsubscribe: >https://lists.gnucash.org/mailman/listinfo/gnucash-user >----- >Please remember to CC this list on all your replies. >You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
