I have a Comcast account for which I receive a single bill for three services:
- Business Phone
- Home Phone
The transaction goes to my business credit card (always paid in full, so no interest charge complications.)
I forgot this was happening in 2020 (distraaaaaccccttttted), so I need to fix it.
I see how to split a transaction, so I can split each transaction for 2020 into the three parts.
I also have a "payee" that I use to pay myself as an employee for expenses that are not charged to a business account. I do that through a bill that breaks out the charges by category.
I'm thinking maybe the thing to do is take the home phone bill portion of the Comcast bills and assign it as an offset to my expense report bill.
However, don't know what Quickbooks "account" I should have and use for that purpose. I'm thinking "Employee Personal Charge". And then show that on the expense report bill to reduce the payout for that bill.
Does this make sense? Any suggestions on better ways to handle this?