How to Categorize Split Transactions in QuickBooks Online and Customize Profit and Loss by Customer

When a transactions needs to be split between more than one category such as loan payable and interest expense. Another split is when you need to categorize a purchase between repair and supplies. This tutorial will teach you how to do it.
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[@mrchoocha2199]

Excellent thanks a lot Claudia.

[@ClaudiaXperts]

You are welcome!

[@sionplayz3370]

When I am categorizing payment to a vendor who is an independent contractor, should this be under accounts payable or contract labor or should I split between the 2? I am SO new to this and trying to understand the purpose of it all and what it actually means.

[@ClaudiaXperts]

Just categorize as Subcontractor

[@ClaudiaXperts]

You never categorize as accounts payable as it will create an error in QuickBooks and will not add the expense to the books. So always categorize as subcontractor or whatever type of expense it is.

[@sionplayz3370]

@@ClaudiaXperts oh boy, I have a lot to learn, thank you so much for the tip

[@ClaudiaXperts]

@@sionplayz3370 You are welcome!!

[@Umie-p7c]

Thank you 👍

[@ClaudiaXperts]

You are welcome