How to Split Payments in Quickbooks

american-963191_960_720Still trying to figure how to split payments in Quickbooks? If you are reading this, I’m assuming the answer is yes. Intuit’s Quickbooks software is loaded with helpful features, including the ability to split payments. So if you’re trying to split a payment, keep reading to learn the step-by-step process.

Before we begin, it’s important to note that only one account can be associated for each transaction that is already entered into the register. The good news is that you can still list multiple accounts on the transaction, assuming you open it and then “split” the accounts. Don’t worry, it’s a relatively simple and painless procedure that should only take a couple minutes.

For Quickbooks Online, you can split payments for transactions that have not been entered into the register by opening the form for the respective type of deposit for which you are splitting (e.g. Deposit, Check, etc.), enter each split account on its own line, and then save the transaction. Sorry if you were expecting more, but that’s all it takes to create split payments! Creating split payments is easier is if you haven’t entered the transaction into the register. But even if you have, you can still split the payments, so don’t worry.

If you are looking to split payments on a transaction that has already been entered into the register, there are a few additional steps in the process. After logging into your account, choose Transactions on the left-hand menu, followed by CHart of Accounts. Next, choose your bank account and select View Register/Account History > Edit. From here, you can enter the second bank account with the appropriate balance. When you are finished, click Save to complete the process and exit the menu.

a transaction is entered directly into the register, only one account can be associated with it. If you need to list multiple accounts on the transactions, you will need to open the appropriate entry screen (Invoice, Bill, etc.,) in order to associate split (multiple) accounts.

Did this tutorial work for you? Let us know in the comments section below!

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