While running your business you may encounter the need to split transactions. The following article outlines the related steps.
1. Click Banking from the top menu.
2. Select the correct bank account from the left-hand list of your accounts. If you only have one account synced, you can skip this step (FINSYNC automatically selects the account if only one exists).
3. Find the transaction for the deposit and click the ellipses on the far right to see the transaction menu options. Select Split.
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4. Add as many rows as you have invoices or however many times you need to split the deposit. You may add an additional line to account for any credit card processing fees or other transactional expenses (if applicable).
Note: You can see an example and more information on how to account for transactional fees by clicking HERE.
5. Update the amounts in each cell until they are equal to the amount of the deposit. You can also edit the descriptions, choose an account category for each one and add attributes if necessary. You want the amount at the bottom to show $0.00 left showing that the entire deposit amount has been accounted for.
6. Click Confirm Split to save your changes.
7. You will automatically be taken back to the transactions page where you will now see each sub-transaction. There will be three horizontal lines to the left of each split transaction indicating it is a split. Make sure you are in the Originals and Splits view.
Related Articles:
How to Match One Deposit to Multiple Invoices
How to Account for PayPal Fees
How to Create and Send an Invoice