Please Note: Transaction Splitting is currently in Beta and not currently accessible to all Float Users and will be launching soon!
You can now split Float transactions into multiple line items in order to properly allocate it to different expense categories!
When would you use Float’s transaction split feature?
Sometimes accountants may have multiple fees in one expense on Float that should belong to different expense categories (GL codes). This feature can be used for situations such as…
- subscription fee vs licensing fee
- splitting out alcohol vs client gifts from an LCBO receipt
How to split a transaction
- Choose a transaction: On the transaction page, choose a transaction to split and click “Split Transaction” in the transaction summary.
- Add Splits: In the Split Transaction modal, add as many line items as you need. Split by GL code, Description, or Tags. Note: The amounts for all line items must sum to the SubTotal Amount. If this does not sum to the total amount, this will not properly split, and you will be prompted with a message to balance the total amount.
- Edit a Split Transaction: To edit a split transaction, select the transaction and click the “Edit Splits” button.
How do the transactions look once exported?
Split Transactions in QBO
In the image below, we have split the Ramen and Egg into separate classes and they appear as 2 separate line items on the Float CAD account.
Split Transactions in Xero
In the image below, we have split the Ramen and Egg into separate departments and they appear as 2 separate line items on the Float CAD account.
Split Transactions in Netsuite
In this example, instead of splitting GL codes, we decided to split different 'descriptions' per cookie order. These all have the same Account but different descriptions on Float, which translate into different 'memos' on Netsuite
Note: Tags are not currently available for splits in Netsuite, coming soon!
Split Transactions for CSV Export
If you’re using our Standard CSV Export, you will see new columns appended to the end of your csv for each new line item.
Note: Split transaction details are not available for Custom CSV Exports . Please use a standard CSV export to get details about split transactions.
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