We pay some of our vendors via Wells Fargo's Direct Pay service Sometimes we pay few vendors in the same Direct Pay transaction/session which means it will appear in the bank log as one transaction showing the whole amount. However, this whole amount consists of several payment to several different vendors. When entering into the QBO, shall I use the Split feature when reporting this expense?
When you say Split feature will only give you the option to split a transaction between multiple accounts - Isn't a Vendor considered an account (in Chart of Accounts)? What do you mean by You might want to exclude these transactions?
Thank you for getting back to us here in the Community, @EBFinancials.
The Split feature will only give you the option to split a transaction into different accounts, not into different vendors.
To record your expenses, you can exclude the downloaded expense transaction, then manually enter each expense you've paid to your vendors one at a time.
Here's how to exclude your expense transaction:
1. On the left panel, click Banking. 2. Click on the box of the transaction you wish to exclude. 3. Click on the Batch actions drop-down, and select Exclude Selected.
Then, here are the steps to add an expense:
1. Click on the Plus (+) icon, and choose Expense. 2. Enter the Vendor name and fill in the necessary information. 3. Click Save and close. 4. Repeat steps 1-3 until you have created all the expenses for each vendor.