Sometimes we come to a supermarket to purchase more than one thing. In certain cases we might buy items that belong to different categories.
We pay at POS with a credit card, and get a single record in the bank log. Say, $84.23 spent in Auchan.
Here the dilemma comes. How to make the record in your accounting tool?
Make a record per category? Like this:
$21.12 for foodstuff$35.15 for closing$27.96 for electronic devices But you would loose the bank-transaction value of $84.23. And, if in the future you need to search for the value (checking whether all transaction have been recorded into your accounting tool), you won't find this "$84.23". It simply wouldn't exist in the expenses records.
Another option is to make a single transaction of $84.23. But what expense should it be? Food? Electronics?
Ideally would be to keep the initial value of $84.23, and have the split expenses. Something link this:
We pay at POS with a credit card, and get a single record in the bank log. Say, $84.23 spent in Auchan.
Here the dilemma comes. How to make the record in your accounting tool?
Make a record per category? Like this:
$21.12 for foodstuff$35.15 for closing$27.96 for electronic devices But you would loose the bank-transaction value of $84.23. And, if in the future you need to search for the value (checking whether all transaction have been recorded into your accounting tool), you won't find this "$84.23". It simply wouldn't exist in the expenses records.
Another option is to make a single transaction of $84.23. But what expense should it be? Food? Electronics?
Ideally would be to keep the initial value of $84.23, and have the split expenses. Something link this: