Understanding What Does Split Mean in QuickBooks
In QuickBooks "What does split mean in QuickBooks": You can split one transaction into several categories or accounts. This is very helpful for accurately tracking expenses or income which applies to different areas of your business. For instance, when paying a seller for several services at the same time, you will use the Split function where amounts are allocated to various expense accounts. This keeps the financial records clean and easier to understand during reporting. For instance, it is just a matter of selecting "Split" when inputting the transaction and then making the allocations into specific accounts.
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