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kent-kuntz
Level 2

How do I split a bank transaction to multiple projects?

The split only allows customers, but I want to split a payment to a contractor into multiple projects that they were working on?  

Solved
Best answer July 10, 2020

Best Answers
KlentB
QuickBooks Team

How do I split a bank transaction to multiple projects?

Hi there, kent-kuntz.

 

QuickBooks has the option to split an expense or payment between multiple projects. We can simply select the projects from the Customer drop-down menu. I'll show you how:

 

  1. Go to the Banking menu, then choose the appropriate bank account.
  2. In the For Review tab, locate then click the transaction to expand the view.
  3. Click Split next to the Add button.
  4. Select the appropriate vendor in the Payee drop-down menu.
  5. Enter the necessary information.
  6. From the Customer drop-down menu, select the appropriate projects you want to split the transaction into.
  7. Place a checkmark on the Billable option if applicable.
  8. Select Save and add.

I've also included an article that will help you in reviewing and matching your downloaded bank and credit card transactions.

 

I'll be right here to continue helping if you have any other concerns or follow-up questions. Stay safe and have a great rest of the weekend.

View solution in original post

5 Comments
KlentB
QuickBooks Team

How do I split a bank transaction to multiple projects?

Hi there, kent-kuntz.

 

QuickBooks has the option to split an expense or payment between multiple projects. We can simply select the projects from the Customer drop-down menu. I'll show you how:

 

  1. Go to the Banking menu, then choose the appropriate bank account.
  2. In the For Review tab, locate then click the transaction to expand the view.
  3. Click Split next to the Add button.
  4. Select the appropriate vendor in the Payee drop-down menu.
  5. Enter the necessary information.
  6. From the Customer drop-down menu, select the appropriate projects you want to split the transaction into.
  7. Place a checkmark on the Billable option if applicable.
  8. Select Save and add.

I've also included an article that will help you in reviewing and matching your downloaded bank and credit card transactions.

 

I'll be right here to continue helping if you have any other concerns or follow-up questions. Stay safe and have a great rest of the weekend.

View solution in original post

ChrisMcMahon
Level 1

How do I split a bank transaction to multiple projects?

Is this option available on Simple Start plan? I am not finding step 6 option for Customer selection.

JessT
QuickBooks Team

How do I split a bank transaction to multiple projects?

Hi Chris!

 

Hope you had a great day!

 

The Project feature is only offered in the Plus and Advanced plans. If your business needs it, feel free to upgrade your plan. These two also offer inventory tracking which is utilized by a lot of our clients.

 

If you have questions about a particular feature, please let me know. You can also check the comparison for more details.

Minemaster
Level 1

How do I split a bank transaction to multiple projects?

What about when a split transaction is partially to a "Project" and partially "General expenses".  In this case, the "Project" is assigned to the items that are applicable to the project, but the general expenses (i.e. Office Supplies) are NOT assigned to a "Project".  But when the "Project is viewed, the entire transaction amount is assigned to the "Project", which is not correct.

 

I do not want to create a  dummy project top hold expenses that are not specifically project related.

Rasa-LilaM
QuickBooks Team

How do I split a bank transaction to multiple projects?

Thanks for joining this thread, Minemaster.


We’ll have to add the project name to the general expenses. This way, the entire amount is not assigned to the project. Let me help and guide you through the process.

 

  1. Go to the Banking menu on the left panel to choose the Banking option.
  2. In the For Review section, click the downloaded transaction you’re working on to expand the line.
  3. Hit the Split button to open the Split transaction window.
  4. In the Category section, input the right type you wish to assign the office supplies.
  5. Click the Customer drop-down and pick the project name.
  6. Type the split amount in the appropriate field.
  7. In the next line, choose the correct category for the project.
  8. Make sure the Customer field is blank.
  9. Then, type the split figure in the Amount field.
  10. Press Apply and accept.split.png

 

Next, go to the Projects Center to check the transaction. In the Overview section, the split amount will show in the Income and Expense account section.split1.png


For future reference, these resources will guide you on how to efficiently perform the following tasks in QBO.

 

 

Don’t hesitate to click the Reply button if you have other concerns. I’ll be around to answer them for you. Have a good day ahead.

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