cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 3

Reporting Direct Pay Transactions

Hello,

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?

3 Comments
Highlighted
QuickBooks Team

Reporting Direct Pay Transactions

Hi @EBFinancials,


The Split feature will only give you the option to split a transaction between multiple accounts. You might want to exclude these transactions. Then, recreate them manually in QuickBooks Online.


You can also send a feature request to split transactions between vendors. Just go to the Gear icon and click Feedback.


If you have other questions, the QuickBooks team is always around to help.

Highlighted
Level 3

Reporting Direct Pay Transactions

Hi @Catherine_B,

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?

Thx


 

Highlighted
QuickBooks Team

Reporting Direct Pay 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.

 

Once all done, your expenses would still show up when you reconcile your account.

 

For additional information, here are some links:

If you have any other questions, the QuickBooks team is always around to help.

Need to get in touch?

Contact us