Split Transactions for Check payments and Credit card feed
We have also been adding manual transactions when there is a split on the same payment (checks issued and credit card transactions in the bank feed).
Our example1: (Non-bill) Vendor Payment Check
10% portion to XYZ expense account
10% portion to YZX expense account
80% portion to ZXY expense account
Our example2: credit card charge downloaded to feed, transaction not able to split has to be deleted. Manual entries of the 1 charge split among multiple transactions (can use same example1)
This is causing reconciling nightmares for us since the multiple entries do not match the bank statements, time and errors are creating concern over our continued use of Zoho. We also need this to tie to separate projects within the same expense.
Please add this split transaction capability on bank feeds and manual entries/check payments.
Hard to believe this is still an issue. We need to be able to split bank feed transactions at time of reconciliation to multiple customers.
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I need to be able to create a rule for a payment transaction that is split into multiple categories:
Category A - $150
Category B - $25
Category C - $75
Category D - $50
The payment amount will be the same each month.
Yes I am having same issue - one lodgement into bank (which includes multiple payments from customers and owners contributions) and I cannot allocated separately - causing a nightmare when doing bank rec.
Brett Dines commented
I would agree. It is very difficult to continue to create work arounds for this type of an issue when it has been standard practice in Xero and Quickbooks for years.
Even though we are now able to split transactions, we are not able to split credit card expenses from the bank feed. Categorize manually, you cannot edit/split afterwards. We need the ability to split at the time of categorizing. Matching Vendor payments is not the issue, we are locked out of the split ability for expenses not matched to a bill (categorize manually).
+1 please! This is a must have for any transaction
I am amazed that split function is not for splitting out clients in a deposit. I agree this creates a lack of an audit trail to reconcilling any bank account or credit card account.
Mark Rousseau commented
This feature is a must! We use zohobooks books for order processing and had to setup an account with Xero for all bookkeeping. Our accountant was blown away that this simple feature was not available.