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How to split transactions
How to split transactions

Learn how to split transactions for accurate budgeting

Francis avatar
Written by Francis
Updated over a week ago

We know how important it is to see a complete picture of what you're spending money on. Sometimes, that full picture can be hard to see if you make purchases that could fit into different budgeting categories. For example, if you went on a trip to the store, you might have purchases that could be considered dining & drinks, health & wellness, home & garden, or one of your custom categories!

With our split transaction feature, you can make sure that every purchase goes directly into the right category and your bdget stays on track! Keep on reading for step by step instructions and some examples on how to best use the feature.

Splitting transactions

To do this, first tap on the transaction you'd like to split. Select Split.

Next, tap soon the + symbol to add a new split. You can enter the amount of the split and a note to describe what the purchase was for. Tap on the category icon to the left of each split to change which category they're assigned to. When you're done, select Save. Now, the Transactions tab will show the splits that you made.
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Removing split transactions

If you'd like to remove a split, you can tap on any of the split transactions and select Remove. This will restore the original transaction information. Please note that you'll lose any notes or categorization that the split transactions had.

Here are a few examples of how splitting transactions can help your budgeting

  1. Classic split: You purchased multiple items at Amazon and each item can fit into a separate category. Instead of putting the the Amazon transaction into the shopping category, you can split the transaction so that each item is assigned to the correct category. This approach works best if you made multiple purchases from one vendor that could fit into different categories. As another example, if you went to a gas station and made some additional purchases along with fuel, you could split that transaction in order to track each purchase correctly.

  2. Reimbursement: You and your friends had dinner together and you paid for the meal. You could split the original transaction into the amount that each person owes you. Make sure you put the split with the amount that you're owed into the Reimbursement category. Then, when your friend pays you back for their share of the meal, you can also categorize their repayment into the Reimbursement category.

Need some additional help your budget? Check out the links below:

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