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June 28, 2020
Question

Can you split a transfer between more than one account? Ie from bank account to line of credit and interest payment or does this have to be added instead of matched?

  • June 28, 2020
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1 reply

June 29, 2020

Hello laryssa-caris,

 

Thanks for joining us! Making sure amounts from your transactions are going exactly where you need them is an important part of balancing your books. I'll be glad to go over the option for splitting transfers in QuickBooks Online.

 

There are a few ways to record transfers, such as through the bank feed in the Banking tab or the Transfer feature through the +New button in the left menu. Regardless of which of those two you're working with, there isn't a way to split the transfer so that it goes into different accounts.

 

When you're using the Transfer feature, I recommend doing each transfer one at a time to make sure the funds get to where they need to be. As for the bank feeds, it may mean adding the full transfer from that feature, then going into the Transfer feature in the +New button to take care of the other transfers. Learn more about transfers here: Transfer funds between accounts

 

I see how this would create a bit of extra work for you, so I encourage you to share your thoughts with us and let us know your ideas about how we can change these processes. Here's how you can do that: How do I submit feedback?

 

Enjoy your day!