Split transaction

Before you create a downloaded transaction in Sage One using bank feeds or import statement, you can split a single statement line over multiple ledger accounts. If your company is VAT registered, you can also specify different VAT rates.

If you use transaction analysis types, you can also select different analysis categories for your departments, cost centres and projects.

You can split other payment and other receipt transactions, but not payment on account transactions. It’s not possible to split transactions across different customer and supplier contacts.

To use the split transaction option

  • 3. Enter the following details:
Description If required, enter a relevant description.
What From the drop-down menu, select the relevant ledger account.
Department / Cost Centre / Project If you use transaction analysis types, from the drop-down menu, select the relevant category.

If you haven’t set up analysis types, these options don’t appear.
VAT rate If your company is VAT registered, select the relevant VAT rate.

If your company is not VAT registered, this option doesn’t appear.
Total Enter the amount.
  • 4. Repeat step 3 for each separate line.

The culmulative value of the separate lines must equal the statement line value and the difference should be zero.

If for some reason you don’t want to create the split transaction at this stage, click Cancel Split.

  • 5. Click Create.

The transaction is created in Sage One.

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