After reading the previous replies to this thread, I kept searching for better answers until I came across this article at Big Red Consulting: https://bigredconsulting.com/quickbooks-2019-iif-import/ This confirms the recommendation to use the "Import it for me. I'll fix it later." option hidden at the bottom of the first IIF import screen. Following that advice still got me a new account in my Chart of Accounts (I guess making "PayPal" a sub-account changes its name for IIF imports). And many transactions were doubled - not all, but most. Still, deleting extra transactions is easier than typing new transactions by hand... 😒 Note: I'm using QuickBooks Desktop Pro 2020.
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