cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

How do I split a transfer? It does not give me the option.

 
3 Comments
Highlighted
QuickBooks Team

How do I split a transfer? It does not give me the option.

Hi there, tnfarm1.

 

I'll share some insights about how the Split feature works in QuickBooks Online.

 

The Split option is unavailable when recording a transfer. You can select the Add option instead of choosing record as transfer. This way, we'll be able to split the transaction. I'll guide you how:

 

  1. Select Banking from the sidebar menu.
  2. Click the Banking tab.
  3. Choose the appropriate account.
  4. Select a transaction.
  5. Tick the Add radio button, then click the Split button.
  6. Enter the necessary information.
  7. When you're ready, hit Save and Add.

We can also divide the amount in two then record it as transfer one at a time instead entering it as a whole via single entry. This, way we'll be able to record the transaction with out directly splitting the amount in the banking page.

 

If you wish to record the transfer in a single entry, you'll need to do it using journal entry. Then, you can split it from afterward. I'd also recommend reaching out to your accountant about this  since they know what's the best way of handling these transactions.

 

In case you need to assign and categorize your downloaded banking transactions, you can visit our article to be guided in doing it: Assign, categorize, edit, and add your downloaded banking transactions.

 

Please know that the Community always has your back, so don't hesitate to reach out to us if you need more help in managing your bank transactions.

Highlighted
Level 1

How do I split a transfer? It does not give me the option.

Hi.  Thank you for the helpful information. (I am using QB online).  How do I "split"  transfers that I have already reconciled--since I cannot toggle them back to being "add"?  I am trying to split an expense into 2 categories to be able to track the "interest" portion of the payment.  Thanks in advance.

Highlighted
QuickBooks Team

How do I split a transfer? It does not give me the option.

I'd like to help you, Raffy_Welding.

 

First, you'll have to unreconcile the transaction. This way, you can undo it, and put it back for review.

 

Then, once it's back in the For Review section, just follow the steps KlentB provided on how to split and add the transaction.

 

Lastly, reconcile the transaction manually. Here's how:

  1. Click Accounting, then go to the Chart of Accounts tab.
  2. Select the bank account, then click View register.
  3. Select the added transaction.
  4. Click the field in between DEPOSIT and BALANCE. Keep clicking it until it shows R.
  5. Click Save.
  6. Select Yes to confirm.

I'll add the reference on how to reconcile an account in QuickBooks Online for more information.

 

If you have other questions, please don't hesitate to get in touch with us. Take care!

Need to get in touch?

Contact us