BigRedConsulting
Community Champion

Other questions

@RhoiceW 

RE: Once you successfully split the transactions, you can proceed to categorize the transactions to ensure your books are balanced.

 

I don't know what you meant, but categorizing transactions does not in any way "balance" your books.  Your books are balanced when your balance sheet balances.  Which is always in QuickBooks - except for QuickBooks' various reporting bugs.