When importing a statement from the bank - or - from the PayPal site, we find that we have many items - eg PayPal fees that we need to reconcile on a per transaction basis. This forces us to select each item - PayPal fee - assign it to the Expense Account - PayPal fee and then do the same again - for the next item - again PayPal fee. The same happens when you receive income - PayPal sale.
So if we have 300 sales in a month - we have to select each sale - and assign it to the Sales account - around 900 mouse clicks - 1 mouse click to select the Sale, 1 mouse click to assign the sale to the sales account, 1 mouse click to complete the assignment - total number of clicks 3 - for the 1 x sale.
As each sale - has a PayPal fee - the same number of clicks - 900 - needs to be made for the PayPal fee incurred for the sale. So for the month you will incur 1800 - mouse clicks to complete my reconciliation for PayPal.
What would be ideal - is to be able to flag all of my PayPal fees - 300 - with one click at the top of the screen, and assign them all to the PayPal expense account - 2 clicks and complete.
The same to occur - when PayPal sales - 300 of these - one click to select them all - and a second click to assign them to the Sales - Online - account.
4 clicks and I am reconciled..
Makes better sense to me..
"Multiple Expense or Income items - Reconciliation"
Using the Import Statement function in the AccountRight Browser interface will import the transactions into the Bank transactions window. From within this window, you can bulk allocate the banking transactions.