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welcome to this quickbooks 2021 tutorial for beginners on how to record split transactions my name is matt holdquist with the quickbooks university and there seems to be a lot of confusion around split transactions and what exactly they are okay so in quickbooks basically that just means that okay if youre recording something lets say uh its a bill or its a check um it can even be a deposit sometimes you need to put these to two or more different accounts okay so when you put it to one account thats not a split transaction so when you put it to more than one so lets say two accounts that is a split transaction youre just splitting it between the accounts so one of the more common transactions youre going to see with a split transaction is a loan payment okay because the loan payment has a breakout between principal youre paying some principal in that loan payment and also interest okay so you have interest expense and you have principal on that loan payment and so you have to