Split downloaded transaction with part private

Assuming your business is taxed as a sole proprietor (sole trader) or partnership
code the personal 50% to owner equity drawing

Hi Rustler & thanx for your reply. Yes I'm a sole trader. Can you please expand on Owner Equity Drawing?

Where can I find this in QuickBooks? 

Thanks for getting back to us, EZRiderAU.

Allow me to add some information about the answer given by Rustler.

Any money you withdraw out of your business for personal use is called Owner’s Equity Draw. You’ll see it in the Chart of Accounts.

For more information about Owner’s Draw account, check out this article:

Set up and pay an owner's draw

In case, you need detailed steps on how to split your downloaded internet expense transaction, here’s how:

1. Go to Banking in the left navigation panel, then choose Banking.
2. From the For Review section, locate the internet expense transaction.
3. Pick the Split button.
4. In the first Category field, select the business expense account you want to use, then enter half of the amount.
5. While choose Owners Draw in the second Category field and type in the other 50% of the amount.
6. Click Save and add.

That’s it! You’re now set to record your transaction.

Don’t hesitate to get back to us if you have additional concerns. We’re here to help you out.