Question
How do I split a transaction to indicate that some of the money came from a customer and some of it is Net Payable?
I transferred money from sales into my new business bank account, but 1% of it was my money and not taxable and like 99% of it was from sales. How do I separate that in my records since that 1% is technically net payable; money my business owes back to me? I know now that I should've made two different transactions to separate how they appear in my Quickbooks, but how do I do that after the fact and what category do I put the non-taxable portion of the money under?