I'm a complete newcomer to QBO and am struggling with the many choices of transaction type when categorising bank transactions.

I am UK based and operate as a sole-trader in the IT world, but also have income from an annex to our house that I rent out.

One challenge is the payment from the tenant ... they pay a monthly amount which includes rent and a contribution to electricity (our annex does not have its own meter so we split the electricity bill between the annex and the main house). In the UK, for a few months, the government also paid an energy credit which we split 50/50 with the tenant (again: because the two properties are on one single shared supply - so we only get one credit payment between us). The tenant has also been paying off a historical debt that built up over covid.

So we get a monthly payment that covers.
- a month's rent.
- a month's worth of electricity
- a payment towards clearing the debt
- a deduction for 50% of the energy credit.

So - how do I classify these four parts to the payment? I have used a split, and classified these as..

- rent = rent receivable
- electricity = sale (which is also matched by an equivalent expense).
- clearing the debt = rent receivable
- energy credit deduction = rent receivable (but a negative value).

Does that sound like the right way to do it?

Also: the property belongs jointly to me and my wife, so for our respective tax forms, we each take half the income and the expenses. I am trying to use QBO for just my taxes -- how do I reflect that in QBO when categorising transactions from the bank account? It doesn't seem possible to take a bank transaction and classify only half it's value - you have to make the split classification values match the actual transaction total.