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cbrooks2020
Level 1

Splitting Expenses into Classes

I have a partnership and I just setup classes between my partner and I. We have various expenses and revenue that are split between us 50/50. Is there an easy way for us to split these transactions when we record the transaction or do need to manually create separate lines for each class?

1 Comment 1
DivinaMercy_N
QuickBooks Team

Splitting Expenses into Classes

Hello, @cbrooks2020.

 

Thank you for providing details about your concern. In recording your transactions, it depends on how you set up the Class tracking. There are 2 ways to track classes. The first is 1 for each transaction and the second is 1 for each line item in the transaction. 

 

If you used the 1st option, you'll need to create separate transactions for each class. For more information please refer to this article link: Track your transactions by class. On the other hand if you used the 2nd option, you'll have to add multiple line items for each class categorization. 

 

Also, you can check this article link for future reference:Enter a split transaction into the register

 

Fill me in if you have further questions. I'm always here to help. Stay safe and Have a great day!

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