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October 28, 2024
Question

editing a previous payment and split it into 4 accounts

  • October 28, 2024
  • 1 reply
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1 reply

October 28, 2024

Hello there, guod44. Let me help you edit a previous payment and split it into different accounts in your QuickBooks Online.

 

To begin with, could you clarify whether the transaction you want to split into four accounts is a payment you made, such as a check or expense, or a bank deposit (money received)? The process depends on which type of transaction we're dealing with, so knowing this will help me give you the most precise and helpful instructions.

 

If it's an expense or check, please follow these steps to edit the transaction:

 

  1. Navigate to the Expenses tab in the left panel and select Expenses.
  2. Locate the transaction you wish to modify.
  3. Click on View/Edit.
  4. In the Category details section, add lines for each account and specify an amount for each.
  5. Ensure the total of all splits equals the original transaction amount.
  6. Add memos or descriptions for each if needed.
  7. Click Save and close.

 

However, if it's a bank deposit, here's how to modify it:

 

  1. In the left panel, click Transaction and choose Charts of accounts.
  2. Select View register for the appropriate account.
  3. Find the deposit you want to edit and click on it.
  4. Click the Edit button, and you'll be routed to the Bank deposit screen.
  5. In the Account field, add lines for each account and specify an amount for each.
  6. Ensure the total of all splits equals the original transaction amount.
  7. Once done, click Save and close.

 

Before making any changes, verify if the transaction is reconciled. If it is, I recommend consulting your accountant before proceeding, as adjustments may affect your reconciled books.

 

Here's a helpful resource for handling bill transactions and payments: Manage bills and bill payments in QuickBooks Online.

 

I'll be here to help if you have other concerns about editing payments and splitting them into different accounts in your QBO. Just let me know in the comment section.