I'm using GnuCash to track a simple budget, importing QIF files. Most entries in the QIF file have both a payee and a memo, however GnuCash seems to ignore the memo if the payee is specified. This often makes it difficult to assign a payment to the account if I don't recognize the payee, or in the situation that payments are made to the same payee for multiple services or reasons. Is there a way to track both the payee and memo, or at least prefer the memo over the salary?
The consensus seems to be that upgrading to OFX is better vs. QIF because it uses a different transaction importer in GnuCash. Not sure if that will address the specific memo/payee issue.