Other Questions
Hey there, @bewleysblackrock.
I'll share the steps on how to categorize your bank transactions in QuickBooks Online. This way, you can record them properly in your account.
Since you want to separate the VAT from the credit card payments, you can use the Split function on the Banking page to divide them.
The instructions below will help you accomplish this:
- From QuickBooks Online, navigate to the Banking tab and the For Review section.
- Click the transaction you need to assign multiple Payees and select Split.
- For each part of the split, enter a Category, a Payee, and the Amount. Click Save and add once finished.
For additional information on splitting pending transactions, please see the following article: Add and match downloaded banking transactions.
After categorising your bank transactions, you can now reconcile them. This will ensure that your bank and credit card statements are matched to the ones you have entered in QuickBooks.
Please keep in touch with me here should you need any further assistance, I want to ensure your success. Thanks for reaching out, wishing you and your company continued success.
