bookkeeper201
Level 1
‎August 25, 2020 01:02 PM

How to record a specific expense split in QBO

Hello:). I need to split an expense in QBO - half of it going to a traditional expense account and the other half needs to reflect that it is coming out of an employees paycheck.  I am trying to figure out how to do this in terms of categories/accounts.  We do our payroll in another system (not in QBO).  So, I am just looking to see what the best category/account is for the employee's share of the expense.  My aim is to show (from an accounting standpoint), that the business is only paying out for 1/2 of the expense.  Any pointers?

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Ryan_M
Moderator
Moderator
‎August 25, 2020 03:15 PM

Other Questions

Hi @bookkeeper201,

 

I'll share insight on your query about recording payroll transactions in QuickBooks Online (QBO).

 

I suggest you use a journal entry to record your payroll transactions. Although I'm unable to point which specific accounts or categories to use, what I can do is leave this article: Recording payroll transactions manually.

 

It has a step by step guide on how you can create a payroll transaction. As for the accounts and categories, it's best to consult an accountant on which to use. 

 

In case you'd like to upload bank transactions, take a look at this article: Manually upload transactions into QuickBooks Online. It's a detailed guide on how you can import bank transactions via a CSV file. 

 

Let me know if you have other questions. You can leave it in the comments below. I'll be sure to get back to you. 

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