Skip to main content
T
Thorhaug
February 10, 2022
Question

Split transaction into deposit & transfer

  • February 10, 2022
  • 1 reply
  • 0 views

We have an investment that matured, and both the interest and principal were returned to our bank account in the same transaction. I am trying to categorize the transaction as both a transfer from Investments and a deposit of Interest Earned, but QBO does not allow splits like this. How can I categorize this without messing up our books?

1 reply

N
Nick K
February 10, 2022

Hi Thorhaug.

 

Properly entering your investments and interest in your QuickBooks Online account is imperative to keep all your accounts accurate. I'd be happy to point you in the right direction on how to enter your investments in QuickBooks Online.

 

In order to properly enter your interest and investments in QuickBooks Online I recommend reaching out to your accountant as they are trained in how to make these entries and what accounts to use. If you don't have an accountant no worries. You can go to My Accountant>Find a pro to help to find one in your area.

 

Once they let you know how to make these entries and what accounts to use feel free to reach back out to us and we'd be happy to walk you through how to enter this in QuickBooks Online.

 

Have a great day!

Terms & ConditionsAccessibility statement