Common Practice Pitfall & How to Fix it: Splitting Transactions

Ever made a purchase from Amazon or Costco that included office supplies, materials for treating patients, and items for a marketing event? It’s important to separate these out into different types of expenses so your books remain accurate.

Here’s how to split a transaction in QuickBooks Online:

- Go to your Banking tab

- Find the transaction and click “Categorize”

- Select “Split” at the bottom right

- Choose multiple categories and assign the correct dollar amounts to each

- Click Save and Close—done!

QuickBooks is powerful—but only if it's used correctly. Many business owners dive in with good intentions but end up with messy books due to some common errors. If splitting your receipts is a regular thing, save this post to remind yourself how to do it next time.

If you need help double checking your QBO transactions, or have any other questions about your bookkeeping, schedule a chat with me today!