Hi there, Welly. QuickBooks doesn’t offer an automatic percentage calculation. Therefore, you will need to manually calculate the amounts if you are splitting these entries by percentage.
To record these as expenses in QuickBooks, here’s how:
- Navigate to the +Create icon and click Expenses.
- Enter the Payee, Payment account, Date, and Method.
- Under the CATEGORY column, select Add new.
- Fill out the Account name field. On the Account type dropdown, choose Expenses.
- In the Detail type dropdown, select Utilities.
- Click Save once done.
Once you have finished the setup, use those categories and enter the manually calculated total in the AMOUNT column to ensure the figures are accurate.
You can then view these records by navigating to the Reports menu > Standard reports, then type Transaction Detail by Account in the search field.
Should you have any other concerns, feel free to reply to this thread.
