Did you make a bulk payment for several items at once?
Keeping your spending properly categorized is key to clean books and easier tax filing processes.
To split transactions, click the arrow to the right of the transaction you’d like to split, then select “Split Transaction.”
Below is the split transaction pop-up window. Note that on the right hand side, there are shortcuts to split the transaction 3, 6, and 12 ways.
However, you can also split manually by clicking the “Add more” link in the bottom left. To delete splits, click the “x” on the far right of the line you want to remove.
This feature is particularly helpful for properly logging any payment processing fees.
For example, if you send an invoice for $1,500 and your invoice recipient pays it, but sticks you with the processing fee—then you would use this feature to split the transaction into a negative transaction representing the processing fee and a positive transaction representing the actual cash you received.
- Invoice: $1,500
- Cash received: $1,478
- Payment processing fee/Merchant fee: $23
You would take your the bank transaction +$1,478, split it into $1,500 for the invoice and -$23 for the payment processing fees.