Split Transactions in Quicken for Mac
If a transaction can be assigned to more than one category, it's a split transaction. Splitting a transaction helps you track spending more accurately.
For example, if you make a purchase at a Big Box Retail store, you may purchase items for a variety of reasons: household goods, groceries, medical expenses, even automotive. However, this purchase generates only one transaction. You can use a Split to split this purchase into its component parts and assign categories to each split line item accordingly. This gives you a much better handle on where your money is really going and is useful when examining your spending trends and budgeting.
It is not necessary to split each line item of your receipt, however. You may selectively split out the items you really care about tracking closely -- medical or other tax-related expenses, business or reimbursable expenses -- and leave the remainder of the transaction with a more generic category like Shopping, Household or Misc. Expense. For example, after a trip where you bought many items, you may just enter a split line for "Medical" to track your prescription and leave the balance of the transaction as "Household".
How to split a transaction
- While editing a transaction, click the Split button on the register row.
- Or click the Split icon in the bottom of the register toolbar.
- Or use the keyboard shortcut Option + Command + S
- Or click the Edit Details button on the selected row, then click the Splits tab
- In the Splits tab, add the amounts for each category. Click the plus button to add more splits or use the keyboard shortcut Shift + Command + N.
- Click Save to enter the transaction.
How Quicken automatically adjusts the split amounts
This depends on how you enter the splits.
- If you are splitting a new transaction, you can start adding the split categories and amounts. The total amount is automatically calculated by Quicken and updated. This saves you the trouble of entering the total amount manually.
- When you split existing transactions, you have entered the parent line (total amount) first. When you add the splits:
- If all the categories are of similar type (income or expense), Quicken adds a new split entry which shows the remainder amount until the total amount is accounted for. This ensures that there is no uncategorized entry.
- If some categories are of income and some are of expense type, Quicken adjusts the previous split transaction's amount to balance the total amount. In this case, the total amount remains unchanged.
Click the Clear all splits button to delete the split lines.