Split in QuickBooks refers to the multiple GL accounts that are related to the transaction and the split transaction refers to the transaction that includes the current and the single remote account. For example, the cheque transaction that is used for the Rent expense account and is connected with taxes can be viewed as “Split” in the Bank account. You can have split deposits and split payments. QuickBooks allows you to edit, delete, and enter split transactions.
Table of Contents
- 1 How to Delete or Edit Split Transactions
- 2 Split Lines in QuickBooks Transactions to Accounts Receivable
- 3 How to enter the splits when the transaction has already been entered into the register:
- 4 Issues Faced While Using Split In QuickBooks Desktop
- 5 Frequently Asked Questions
- 5.1 Q 1: What is the importance of Split Transactions in the General Ledger Accounts?
- 5.2 Q 2: Is it possible to split transactions between personal and business accounts in QuickBooks?
- 5.3 Q 3: How many splits are possible in a transaction in QuickBooks?
- 5.4 Q 4: Can rules be created for splitting transactions in QuickBooks?
- 5.5 Q5: Is it possible to split business expenditure from a personal credit card in QuickBooks?
- 5.6 Q6: How is the QuickBooks Invoice report related to split transactions in QuickBooks?
How to Delete or Edit Split Transactions
Split transactions are considered complex because editing or deleting them is not as easy as it may seem. To make the changes in the split transactions, you will have to go through your complete transaction report. To edit the transaction, follow the steps given below:
Total Time: 5 minutes
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Go to The Transaction
First of all, go to the transaction that is to be edited.
Then you need to go to the editable fields where the ‘Good To Know’ section exists from here you can view the split transaction to whose the item part belongs. -
Click on Link
Next, you will see a link, click on it to get the details of the transaction in the window.
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Use Split Transaction or The Date Field
Now for deleting or editing the transaction you can tap on the split transaction or the date field.
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After doing all the necessary edits click on the save button and your transactions will be saved also you can click on the delete button if you want to remove the entire transaction.
Read This: How to Find And Erase An Audit Trail In QuickBooks
Split Lines in QuickBooks Transactions to Accounts Receivable
To split the lines in QuickBooks Transactions to Accounts Receivable, follow the steps given below:
- Firstly navigate to the Banking menu and tap on the “Use Register” option.
- Then choose the account on which the transaction is to be applied.
- Now for changing the date you need to select the bank entry and the date field corresponding to it.
- After that, if required you can alter the transaction number by simply clicking on the number field
- Next type in the name of the customer for the transaction.
- Further, go to the payment field and type in the transaction’s entire cost.
- Now tap on the “Splits” button and in the available options choose the Accounts receivable option.
- Then go to the Accounts Receivable Payment box and type in the complete sum of the amount that is to be paid by the client.
- Next, identify the account in which the paid segment of funds is to be placed.
- At last, type the client’s name in the Customer: Job input box and tap on the records button.
Read this: How to Import General Ledger into QuickBooks Desktop
How to enter the splits when the transaction has already been entered into the register:
- At first, navigate to the Chart of Accounts tab.
- Then choose the View Register and Account History option of the bank account in the Action column.
- Next, by right-clicking on the transaction choose the Edit option.
- After doing all the required edits click on the save button.
Issues Faced While Using Split In QuickBooks Desktop
Some users complain that they are not able to delete the split deposits that were mistakenly split and they are not able to see them in un-deposited funds. So to solve this, you can get in touch with our SMB QuickBooks Technical Expert team.
Frequently Asked Questions
Q 1: What is the importance of Split Transactions in the General Ledger Accounts?
Ans: Splitting transactions in General Ledger Accounts helps in income and expense monitoring.
Q 2: Is it possible to split transactions between personal and business accounts in QuickBooks?
Ans: Yes. It is possible to split transactions between personal and business accounts in QuickBooks.
Q 3: How many splits are possible in a transaction in QuickBooks?
Ans: QuickBooks does not have any particular limit on the number of splits in a specific transaction.
Q 4: Can rules be created for splitting transactions in QuickBooks?
Ans: Yes. Creating rules in QuickBooks is doable to split kinds of transactions steadily.
Q5: Is it possible to split business expenditure from a personal credit card in QuickBooks?
Ans: Access QuickBooks to separate business and personal expenses and monitor business costs.
Ans: The QuickBooks Invoice report displays payments applied to particular invoices. If a payment includes a split transaction, it assigns amounts to several accounts or categories. The report will show these splits, showing how the payment was divided across different accounts while connecting the payment to the corresponding invoices.
