When I download IIF files form PayPal, all Income is identified as "Other", and all fees and outflows are identified as "Other".
I would like to download an IIF file from PayPal that has the Income items and Expense items properly classified so they match the Chart of Accounts in Quickbooks. For example, I have an account called "605-PayPal Fees" in set up in Quickbooks. I would like all PayPal fees in the IIF file to use this label (and not use the "Other" label) so that, when I import the IIF file into Quickbooks, those expenses are classified properly.
Is there a way to do this?
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