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Old 11-18-2011, 03:34 PM
foster&sonPlumb foster&sonPlumb is offline
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What is a split?

In my services income report, the columns are labeled
Type, Date, Number, Name, Memo, SPLIT, Amount
Some of the transactions, under "split" say A/R, some say undeposited fund, and some say checking acct. What in the heck is going on?? They've all been deposited, and when I go to record deposits, nothing comes up, so first of all, why is there anything listed as undeposited funds, and second, what does "Split" mean???
Thanks for any input
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Old 11-19-2011, 05:47 AM
Joe Williams Joe Williams is online now
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Split usually means that that the transaction references more than one account.
Joe Williams
Piedmont, Ok
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Old 11-19-2011, 08:37 AM
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LauraD LauraD is offline
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The split column is a strange one, for sure. . .and, I generally, remove that column from my reports.

The best way that I can describe it is this: that is the last place that transaction hit -

For example:
The split on a deposit will show the income account, if it didn't 'hit' Undeposited Funds before the bank deposit form.

If a sales receipt or payment went to Undeposited Funds before the bank deposit form, you will see that account in the split column.

It gets even trickier when there are more than one accounts affected. . .and, that is when you will see the word "Split" in that column. For example, a check that used the loan account and the interest expense account will show "Split".

On journal entries, the split column show the first offsetting account as the 'Split' for all, even though that isn't really accurate - so be very careful when reading that column.

I hope this helps,

Laura D
Laura Dion
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Cents-able Bookkeeping, LLC

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Old 11-19-2011, 08:33 PM
foster&sonPlumb foster&sonPlumb is offline
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Thaks you guys.. this helps
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