QuickBooks Split Transaction: How to Do It?

by James Antonio

When you have multiple online transactions to handle, you always look forward to having something that would allow you to manage all of them together at a time. In fact, when navigating from one transaction to another is smooth, things become even more convenient.

QuickBooks Split Transaction

Before we understand what a split transaction is, it is important to know the provisions that QuickBooks offer to have two Payees assigned at the same time.

Well, QuickBooks doesn’t allow you to have two Payees at a time. But users can form batch deposits to enjoy the benefit. Once the batch transaction or multiple records are facilitated, you can split transactions conveniently.

Why Splitting Transaction in QuickBooks?

Splitting Transactions based on a criterion and involving similar calculations make the accounting processes easier to be handled.

Steps to Splitting Transactions in QuickBooks

Step 1: Creating a Batch Deposit

  1. Make sure both Invoices and Payments are created
  2. You need to have each for every Payee be involved in the exchange
  3. Click on the Plus icon
  4. Choose Bank Deposit
  5. Tick tall the checkboxes for Payments from the list that appears
  6. Click on Save and Close

Step 2: Record Multiple Accounts in one Transaction

  1. Choose Accounting
  2. Select Chart of Accounts
  3. Go to the account to be used for the transaction
  4. Find the Action column
  5. Choose Account History
  6. Choose the transaction
  7. Choose Edit
  8. The entry screen will open for that particular transaction that you have chosen
  9. Choose other accounts you want to add
  10. Click Save
  11. You get the Split option in the Account column

Step 3: Splitting Bank Transaction

  1. Open QuickBooks Online
  2. Go to the Banking tab
  3. Navigate to the section For Review
  4. Click the transaction for which you Payees to be assigned
  5. Choose Split
  6. For every portion of the split, type in a Category, Amount, and a Payee
  7. Click Save and Add

Now you can split the transaction.


Does QuickBooks allow Entering two Payees at a Time?

No, QuickBooks doesn’t allow you to have two Payees at a time.

What to Ensure to get the Split option in QuickBooks?

To already have a group transaction or multiple records of transactions created.

What does Split in QuickBooks mean?

Split in QB means having more than one account for a transaction being affected together on either the debit or credit side.

Does QB allow splitting an invoice?

QB Online allows you to split the downloaded transaction into multiple categories. Based on the data provided, the two invoices are checks for two jobs to prevent duplicate transactions.

Features of Dancing Numbers for QuickBooks Desktop

Imports

Exports

Deletes

Customization

How Dancing Numbers Will Help You

 

Dancing Numbers is SaaS-based software that can easily be integrated with your QuickBooks account. You can import, export, and delete lists or transactions from your company file. Using Dancing Numbers you can simplify and automate the process, saving time and increasing productivity. Just fill in a few fields and apply the relevant features to complete the task.

It saves your time and money that you can invest in your business. It has no human errors, works automatically, provides a user-friendly interface (easy to use and learn), and more. You can also have access to the comprehensive features set if you use it to import, export, and delete services.

Supported Entities/Lists

Dancing Numbers supports all QuickBooks entities that are mentioned below:-

Customer Transactions

Invoice
Receive Payment
Estimate
Credit Memo/Return Receipt
Sales Receipt
Sales Order
Statement Charge

Vendor Transactions

Bill
Bill Payment
Purchase Order
Item Receipt
Vendor Credit

Banking Transactions

Check
Journal Entry
Deposit
Transfer Funds
Bank Statement
Credit Card Statement
Credit Card Charge
Credit Card Credit

Employee Transaction / List

Time Tracking
Employee Payroll
Wage Items

Others

Inventory Adjustment
Inventory Transfer
Vehicle Mileage

Technical Details

Devices Supported

  • Windows

Deployment

  • On Premise

Language Support

  • English

Pricing Model

  • Annual Subscription

Customer Types

  • Small Business
  • Medium Business

Pricing

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Importer, Exporter & Deleter

*See our Pricing for up to 3 Company Files

$199/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Unlimited Export
  • Unlimited Import
  • Unlimited Delete

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Accountant Basic

*See our Pricing for up to 10 Company Files.

$499/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Importer,Exporter,Deleter
  • Unlimited Users
  • Unlimited Records
  • Upto 10 companies

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Accountant Pro

*See our Pricing for up to 20 Company Files.

$899/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Importer, Exporter, Deleter
  • Unlimited Users
  • Unlimited Records
  • Up to 20 companies

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Accountant Premium

*See our Pricing for up to 50 Company Files.

$1999/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Importer, Exporter, Deleter
  • Unlimited Users
  • Unlimited Records
  • Up to 50 companies

Frequently Asked Questions

 
How and What all can I Export in Dancing Numbers?

You need to click "Start" to Export data From QuickBooks Desktop using Dancing Numbers, and In the export process, you need to select the type you want to export, like lists, transactions, etc. After that, apply the filters, select the fields, and then do the export.

You can export a Chart of Accounts, Customers, Items, and all the available transactions from QuickBooks Desktop.


How can I Import in Dancing Numbers?

To use the service, you have to open both the software QuickBooks and Dancing Numbers on your system. To import the data, you have to update the Dancing Numbers file and then map the fields and import it.


How can I Delete in Dancing Numbers?

In the Delete process, select the file, lists, or transactions you want to delete, then apply the filters on the file and then click on the Delete option.


How can I import Credit Card charges into QuickBooks Desktop?

First of all, Click the Import (Start) available on the Home Screen. For selecting the file, click on "select your file," Alternatively, you can also click "Browse file" to browse and choose the desired file. You can also click on the "View sample file" to go to the Dancing Numbers sample file. Then, set up the mapping of the file column related to QuickBooks fields. To review your file data on the preview screen, just click on "next," which shows your file data.


Which file types are supported by Dancing Numbers?

XLS, XLXS, etc., are supported file formats by Dancing Numbers.


What is the pricing range of the Dancing Numbers subscription Plan?

Dancing Numbers offers four varieties of plans. The most popular one is the basic plan and the Accountant basic, the Accountant pro, and Accountant Premium.


How can I contact the customer service of Dancing Numbers if any issue arises after purchasing?

We provide you support through different channels (Email/Chat/Phone) for your issues, doubts, and queries. We are always available to resolve your issues related to Sales, Technical Queries/Issues, and ON boarding questions in real-time. You can even get the benefits of anytime availability of Premium support for all your issues.


How can I Import Price Level List into QuickBooks Desktop through Dancing Numbers?

First, click the import button on the Home Screen. Then click "Select your file" from your system. Next, set up the mapping of the file column related to the QuickBooks field. Dancing Numbers template file does this automatically; you just need to download the Dancing Number Template file.

To review your file data on the preview screen, just click on "next," which shows your file data.

Get Support

The Bulk Import, Export, and Deletion can be performed with just an easy single-click. We offer a simplified process that assures you that you will be able to focus on your core work.

Are you worried about losing your time with error-prone software? Worry no more. Our error-free add-on lets you focus on your work and boost your productivity rate to a considerable extent.

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