You can create a bank rule to automatically split your imported bank transactions, nlee1079. Let me discuss this matter thoroughly so you can achieve your goal.
QuickBooks Online has a bank rule feature to help automate your categorization process. This allows you to split your transactions using a flat amount or by percentage.
Here's how:
- Head to the Gear icon, then pick Rules.
- Select New Rules and provide a name in What do you want to call this rule? field.
- Choose either Money in or Money out from the Apply this to transactions that are dropdown, then identify the bank or credit card account from the in dropdown.
- Set rule conditions under and include the following section, and click + Add a condition if you need to include more.
- Specify if the rule applies to Description, Bank text, or Amount in the Condition fields. Then, decide how these rules are applied.
- Establish the rule setting by choosing a Transaction type, Category, Tags, and Payee to apply. Under Category, click the +Add a split to divide the amounts appropriately.
- Hit Save.
For more information, please refer to this material: Set up bank rules to categorize online banking transactions in QuickBooks Online.
On the other hand, regularly reconciling your accounts will help you keep them balanced for accurate reporting and tax calculations. You can then close your books to prevent unexpected changes that can mess up your record.
You can rely on us to offer better help with splitting transactions into several categories in QuickBooks Online. Please post your inquiries directly on this thread, and we'll equip you with all the necessary data and resources.
