% of a check

QuickBooks does not have the ability to set up and use "distribution sets" for vendors. As a matter of fact it does not even have a feature for associating a default general ledger account with each vendor. QB's feature for recalling the last transaction made for a vendor is lacking.

The use of default GL accounts and distribution sets is quite common in mid-range accounting products. In addition mid-range products also have a feature that can automatically allocate amounts posted to certain general ledger accounts to other accounts based on formulas.

you are right about Quciken.

so, as I am reading this right ....the answer is NO? sorry, I really don't know anything about accounting and its terms. sorry.

Yes, you are reading it correctly.

Quickbooks will not automatically calculate and enter percentages and splits between multiple accounts.

well, its really just in one 'account' a bank account. The thing we are trying to do is split the catagories into %. Seems very simple. hmmmm

yes, but when you buy software to help automate, you would like it to help automate.

Exactly....I would think it should be able to do this....I don't think this is an uncommon thing. bummer that it can't do it. thanks anyway. Laura

You don't give up do you.

True but when one realizes that each user has their own wish list for features they would like to see in software that list starts to get very large.

QB is a double-entry accounting system. By definition each entry always affects MORE THAN ONE ACCOUNT.

You are thinking in QUICKEN terms. Quicken 'categories' DO NOT EXIST in QuickBooks.

Not giving up is admirable.

Not understanding the basic terminology of the software you want help with.... well, that is less admirable.

I understand. There are various parts of no that are difficult to understand :)

given the wide variety of responses available on the internet, including correct, incorrect, misinformed, and just plain snotty, it often pays to be persistent.

You did not offend me. I am very sorry if I offended you.

Laura, I learned a lot on this list as there are very many helpful posters. One of the very first things was to put a Kill Filter on Allen. Unfortunately, he does bait enough people to react to his posts so you will see that he has posted something. In that case, the delete key works wonders.

Best advice yet. I added Captain Enron to my killfile shortly after I bought QuickBooks. It's been peaceful ever since.

Bob

Your bank account is one of many accounts associated with your company's bookkeeping. Paying bills takes money out of the bank account and puts it into an expense account (what you're calling categories).

-- Tara

Maybe processing isn't a large part of your duties but if it is then you may want to rethink finding ways to lessen the amount of work you have to do...job security is a good thing Just a suggestion.

-- Tara