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The accounting Equation
November 28, 2023
Question

Splitting Expenses To Different Vendors

  • November 28, 2023
  • 1 reply
  • 0 views

Hello!

 

Because of how our bank works, ach charges all get batched together. I can go in and split the different category and in our case location fields, but there is only one "Paid To" option no matter how many lines you add.

 

This confuses me as when you split a money in transaction there is a "Received From" Field next to every line which is exactly what we need on the money in side. 

 

Is this some sort of configuration I can change to have money in be the same? From our perspective this causes a lot of headaches for 1099 tracking in particular. 

 

Thank you in advance!

 

1 reply

M
Mark_AG
November 28, 2023

Hi there.

 

QuickBooks Online splitting expense transactions can only be assigned to a single vendor for each line item. Rest assured, I'm here to help you handle situations like this to categorize your transaction and split it the other way around. 

 

You'll need to match the transactions by creating multiple expenses with the same date and payment account. You can change the vendor, category, and amount by creating those multiple expenses. Ensure also that the total expenses match the bank transaction amount.

 

Here's how:

 

  1. Create an Expense transaction for each item category and fill in the necessary details.
  2. Go to Banking Transactions, select the transaction, and choose Find Match.
  3. Those multiple transactions will show automatically if the details match the bank transaction. Review the matching and select Save.

 

Once you have categorized every transaction, you can reconcile your account and review the transactions to match your QuickBooks Online account.

 

I'm always here to help you with your questions about categorizing in QuickBooks Online. Feel free to comment below, and have a great day!

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