How to Post a Split Transaction into QuickBooks Online via Bank Feeds

This article addresses how to take a regular purchase transaction that is currently residing in your QuickBooks Online Bank Feeds section and split it into multiple expense categories.

 

Here is the scenario:

Your QuickBooks Online company file is directly connected to your business bank account via the Bank Feeds section. You recently had a bank purchase withdrawal (an expense) download into your QBO bank feeds section, however this expense needs to categorize into multiple different categories, and not just one category.

 

Example: You recently made a purchase at a UPS center; you paid a total of $150 to UPS. However part of this purchase was for postage/shipping and the other part of this purchase was for office supplies.

Since you are recognizing both of these categories in your bookkeeping file, you will need to efficiently split this transaction when it downloads into your QBO Bank Feeds section.

 

So, let’s say now this $150 charge has downloaded, let’s split it:

 

  1. Go to your bank feeds and click on the transaction to open it up.
  2. Click on “Split” in the lower right side.
  3. In the resulting new window, fill in the “Paid To” field which is UPS in this case.
  4. There should be two category lines to fill in, so on the first line, choose an Office Supplies category, then tab over to the Amount field and type in $35.
  5. Now go to the 2nd category line and choose a Postage/Shipping category, then tab over to this line’s amount field and type in $115.
  6. Click Save and Close.
  7. Your split expense transaction is now posted into the QuickBooks Online bank account register.

 

Note: AccuraBooks is a bookkeeping firm only, so please consult with your C.P.A. for verification and clarification about the contents of this article.

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