In my webinar on Accounting for Realtors with QuickBooks Online I demonstrated, among other things, how you can use the “locations” feature of QuickBooks Online to keep track of properties. The problem is, if you need to split a transaction among several properties, you can’t. You can only have one location on a transaction, because the location is tied into the “source” of the transaction, rather than the target. A source is something like the bank account that it was paid from. The targets, would be the expense accounts in the split detail part of the transactions.
There is a solution!
You can actually use QuickBooks Online to split a transaction by property with an extra step. This video will walk you through how to do it.
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