Wow... I would have thought, if one kept a balance at Paypal, it would be relatively easy to see the balances... of course, one would need to see the transactions as well.
On Wed, Dec 14, 2022 at 4:58 AM 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 > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ 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.
