Paypal Positive Balance Transfer Issues

Hi! New to YNAB and getting used to it. 

Transferred $100 from my Paypal balance into my checking account. I use this account with friends for miscellaneous expenses. I have 2 transactions: a positive one of $100 in my bank which I tagged as inflow; and a negative one of $100 in my Paypal account. This is a duplicate and cancels itself out but no way to mark or denote duplicate (like I'm used to in Mint).  I want to keep my Paypal linked as I do make payments FROM there too but maybe best to delete all together?

 

HELP! :)

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  • Change one of them to a transfer to/from the other account.

    Delete the other transaction.

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      • Irene O
      • Salmon_Cobra.13
      • 1 yr ago
      • Reported - view

      nolesrule  - how do you delete it? I couldn't find that option.

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      • Irene O
      • Salmon_Cobra.13
      • 1 yr ago
      • Reported - view

      nolesrule  I did that on the outflow - I picked the Paypal account, marked the transfer to/bank and then my budget is now that amount in the red. If I delete the option in my bank 'inflow/to be budgeted) which is positive in that amount, it will put me in the red twice that.  What am I missing?

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  • Hi Irene O ! No matter what, it's important to make sure that your transactions in YNAB show exactly how that money is moving in real life. And for good measure, reconcile regularly too. 😉

    Here are the steps to make your transaction a transfer. You'll see two sides to show the outflow in PayPal (money going out) and the inflow (money coming in) to Checking.

    PayPal transactions can get a bit tricky depending on if you carry a balance, or if funds are getting pulled from another account—so definitely let us know if things are still looking strange! 

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      • Irene O
      • Salmon_Cobra.13
      • 1 yr ago
      • Reported - view

      Nicole  - it doesn't seem that YNAB pulls the current balance of Paypal over? Is that true?

       

      The $100 in my Paypal account I moved to my bank account wasn't in a 'budget' yet.

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      • nolesrule
      • Been waiting 5 years for the Stealing From the Future fix...
      • nolesrule
      • 1 yr ago
      • Reported - view

      Irene O Money in your accounts is in your budget. That includes the PayPal account. 

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      • Irene O
      • Salmon_Cobra.13
      • 1 yr ago
      • Reported - view

      nolesrule It doesn't look right. I'll try again.

       

      Also - for Paypal, i use it to pay merchants. My most recent transaction I want to choose $ from bank but that's not an option in payee. Only money TO bank. How do i do that? Paypal pulls it from my bank

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      • nolesrule
      • Been waiting 5 years for the Stealing From the Future fix...
      • nolesrule
      • 1 yr ago
      • Reported - view

      Irene O The Payee Is To/From. Which direction it goes depends on whether you put the money in as an inflow or outflow. If You are in the Paypal account and pulling money from the bank, choose the account on the other end in the Payee and set the amount as an inflow.. If you are setting up the transfer on the abank account side, choose the Paypal account for the transfer payee and set the amount as an inflow.

      After the transfer is set up, delete the other transaction by selecting it, and then choosing Delete from the Edit menu.

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    • Irene O re: your latest transaction... If the entire transaction is paid out of the bank account, I would just enter it directly in that bank account. Perhaps put "via PayPal" in the memo.

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      • Irene O
      • Salmon_Cobra.13
      • 1 yr ago
      • Reported - view

      dakinemaui  so would you recommend them disconnecting my PayPal all together?

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    • Irene O  

      If you do import, I'd say don't be afraid to delete anything that doesn't match the real world.

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